ASIC Seeks Public Consultation on Guidance of Dispute Resolution Authority

[kreslik.news]

Last month, Finance Magnates reported the approval of the Australian Financial Complaints Authority (AFCA), which is being created to handle any complaints and dispute resolutions for the Australian financial industry.

As ASIC has been charged with the responsibility of overseeing AFCA, the regulator has now released an updated guidance on the guidelines through which the new body will operate. ASIC is attempting to ensure a smooth transition to AFCA, and therefore is vying to provide companies and the public with as much information as possible.

ASIC Deputy Chairman, Peter Kell commented on the updated guide: “ASIC is issuing draft updated ... (read more)