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Law Council of Australia

Legal Practice Section

Financial Accountability Regime - Regulator rules and Transitional rules

The Superannuation Committee of the Law Council of Australia’s Legal Practice Section has provided a submission to APRA and ASIC about the Financial Accountability Regime (FA Regime) – Regulator rules and Transitional rules.

The Regulators request that all interested stakeholders use this consultation to provide feedback or information on:

  1. the proposed lists of Insurance Key Functions and RSE licensee Key Functions within the draft amendment instrument;
  2. the proposed Insurance Key Functions and RSE licensee Key Functions descriptions;
  3. the compliance impact of the proposed changes; and
  4. any other substantive costs associated with the changes.

Read the full submission below.

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