Advisers put on notice by ASIC around timeshare schemes

The corporate regulator has highlighted the role of advisers in selling timeshare products after a new report found high levels of non-compliance with the best interests duty.

by Shared by the ifa | 9 Dec, 2019

ASIC flexes new powers as liquidator booted

The research from ASIC’s Report 642 involved in-depth interviews with 50 consumers who had all received personal advice to purchase timeshare membership from one of the five main points-based timeshare operators in Australia – Accor Vacation Club, Classic Clubs, Marriott Vacation Club, Ultiqa and Wyndham.