COTA Australia provided brief comments to the Draft Rule Determination National Energy Retail Amendment (Advance Notice Of Price Changes) Rule 2018, Australian Energy Market Commission (AEMC), 5 June 2018.
The design and distribution obligations (DADOs) should help to achieve a cultural shift within financial firms away from simply ‘selling’ financial products towards designing and distributing suitable products that meet customer needs. This submission comments on the revised exposure draft.
The issues identified in this submission impact many older Australians and the measures outlined here to address these issues have the potential to improve the lives of a large and growing proportion of Australians.
COTA Australia welcomes the opportunity to provide this Pre-Budget submission of measures that we urge the Australian Government to implement as part of the 2020/21 Federal Budget.