Amendments to the Corporations Act 2001 (Cth) (the Act) now require certain companies to implement a whistleblower policy with particular mandatory content. On 13 November 2019, ASIC released its finalised Regulatory Guidance (as Regulatory Guide 270).
The Full Federal Court has handed down a landmark decision finding Westpac Securities Administration Limited and BT Funds Management Limited provided personal advice in their telephone campaigns.
ASIC has commenced legal action against the perpetrators of “bad advice” presented at the Banking Royal Commission.
ASIC has proposed to use their product intervention power again to target add-on insurance and warranties sold at car yards.