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.
COTA Australia provided brief comments on the Retirement Income Covenant Position Paper issued by Treasury and broadly supported the proposals in the Position Paper. In particular COTA Australia supports the two Covenant Principals and the eight Supporting Principles.
COTA regards the draft Standards Guidance as a comprehensive guide to the delivery of the core standards which focus not only on the quality of care and safety standards expected of services, but also on the delivery of services that meet the ‘quality of life’ expectations of consumers and carers.