Submission to ASIC’s inquiry into unsolicited telephone sales of direct life insurance and consumer credit insurance

31 August 2019, COTA Submissions
COTA Australia writes in response to the consultation on CP317 – unsolicited telephone sales of direct life insurance and consumer credit insurance. We welcome this important interim measure as part of broader law reform by the Australian Government.

Design and Distribution Obligations and Product Intervention Powers (the revised Bill)

15 August 2018, COTA Submissions
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.

Submission on Design and Distribution Obligations and Product Intervention Powers

8 February 2018, COTA Submissions
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.