Government proposes new ACL obligations
The government is consulting on a new bill designed to impose additional information-sharing obligations on credit licensees, including reference checks for mortgage brokers.
The Morrison government has released for consultation a raft of exposure draft legislation for public comment, which will implement 22 recommendations and two additional commitments arising from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
Read more at The Adviser.
