Caravan Loans Australia :: News
SHARE

Share this news item!

ASIC to Name Financial Licensees in New Breach Transparency Initiative

ASIC to Name Financial Licensees in New Breach Transparency Initiative

ASIC to Name Financial Licensees in New Breach Transparency Initiative?w=400
The Australian Securities and Investments Commission (ASIC) has proposed a new regulatory framework aimed at increasing transparency in the financial industry by identifying financial planning licensees who report breaches.
Revealed in a consultation paper, CP 383, this proposal would see ASIC start publishing Reportable Situations (RS) and Internal Dispute Resolution (IDR) data at both firm and industry levels, including the names and licence numbers of the offending companies.

This move marks a significant departure from ASIC's current practice of only publishing industry-level data, which omits individual firm details. Notably, the proposed dashboards will exclude personal information for licensees who are individuals, ensuring privacy is maintained.

ASIC's consultation paper outlines several key data elements it plans to share, including detailed information about licensees, the volume and nature of reported breaches, the extent and impact of these breaches, and subsequent remediation and rectification efforts. Additionally, the paper focuses on the licensees' investigative and reporting practices.

The primary objective behind this initiative is to enhance accountability and transparency within the financial sector. By making this data public, ASIC aims to incentivize improved behaviors and performance amongst financial services providers. It also intends to help both firms and consumers identify systemic issues characterized by significant breach volumes and recurring IDR complaints, providing a clearer focus for compliance efforts and improving consumer outcomes.

According to ASIC Commissioner Alan Kirkland, the public release of the proposed dashboard would significantly boost transparency, encouraging firms to bolster their performance. It will also offer consumers and investors a more accessible means to engage with firm-level data, promoting more informed decision-making and participation within the financial system.

The proposals detailed in CP 383 mark a pivotal step in ASIC's ongoing commitment to fostering a more transparent and accountable financial sector, with anticipated benefits not just for industry compliance but also for consumer trust and safety.

Published:Monday, 14th Apr 2025
Source: Paige Estritori

Share this news item:

Finance News

ASIC to Name Financial Licensees in New Breach Transparency Initiative ASIC to Name Financial Licensees in New Breach Transparency Initiative
14 Apr 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has proposed a new regulatory framework aimed at increasing transparency in the financial industry by identifying financial planning licensees who report breaches. Revealed in a consultation paper, CP 383, this proposal would see ASIC start publishing Reportable Situations (RS) and Internal Dispute Resolution (IDR) data at both firm and industry levels, including the names and licence numbers of the offending companies. - read more
Australia Faces Prolonged Household Recession Despite Persistent Challenges Australia Faces Prolonged Household Recession Despite Persistent Challenges
14 Apr 2025: Paige Estritori

The latest figures from the Australian Bureau of Statistics (ABS) indicate a deepening recession for households, as revealed by the fourth quarter of 2024 national accounts. For the eighth consecutive quarter, real per capita household consumption has declined, marking an unprecedented stagnation for Australian households. - read more
ASIC Appoints Liquidators to First Guardian Master Fund ASIC Appoints Liquidators to First Guardian Master Fund
11 Apr 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has achieved a significant legal milestone with the Federal Court's decision to appoint liquidators to First Guardian Master Fund. Ross Blakeley and Paul Harland from FTI Consulting have been entrusted with this responsibility. The court has mandated that they oversee the liquidation of both Falcon Capital and the First Guardian Master Trust, alongside associated unregistered subsidiary funds. - read more
Navigating Turbulence: How Australian Advisors Are Responding to Trump’s Tariff Turmoil Navigating Turbulence: How Australian Advisors Are Responding to Trump’s Tariff Turmoil
10 Apr 2025: Paige Estritori

Last week's announcement of the US's reciprocal tariff policy, dubbed 'Liberation Day' by former President Donald Trump, has led to significant market disruptions worldwide. Although Australia has managed to avoid the harshest direct impacts, the broader ramifications of a global trade conflict have not spared its investors, notably causing the Australian Securities Exchange (ASX) to experience its most substantial single-day decline since the COVID-19 pandemic. - read more
ASX Anticipates Gains as Trump Temporarily Eases Tariff Tensions ASX Anticipates Gains as Trump Temporarily Eases Tariff Tensions
10 Apr 2025: Paige Estritori

Australian stocks are poised to follow a positive US market trend, with the S&P-ASX200 futures rising by 6.6% after US President Donald Trump's latest tariff adjustment. The S&P 500 gained 9.5% after Trump announced a temporary reprieve from tariffs for various countries, aimed at addressing investor apprehensions regarding the global economic implications of aggressive US trade tactics. - read more


Caravan Loans Articles

Caravan Dreams: How to Find Affordable Loan Rates for Your Next Adventure Caravan Dreams: How to Find Affordable Loan Rates for Your Next Adventure
Australia's love affair with the open road is a well-documented part of the national psyche; caravaning is more than just a means of travel—it's a lifestyle choice embraced by many. The lure of vast landscapes and the freedom to explore at your own pace has made owning a caravan a treasured goal for adventurers across the country. - read more
Essential Tips for a Smooth Caravan Loan Application Process Essential Tips for a Smooth Caravan Loan Application Process
There's a unique sense of freedom that comes with owning a caravan; it's an open invitation to explore the vast and varied landscapes of Australia at your own pace. For many Aussie adventurers, the lure of the open road and the appeal of impromptu getaways is too strong to resist. Yet, despite the daydreams of life on the road, the financial commitment of purchasing a caravan can be a significant barrier. - read more
Choosing the Perfect Caravan: A Comprehensive Checklist Choosing the Perfect Caravan: A Comprehensive Checklist
Planning a caravan trip can be an exciting and fun experience for families or individuals, but choosing the right caravan is crucial to ensuring that the trip is as enjoyable as possible. There are numerous types, models, and sizes of caravans available, and this can be overwhelming for many people. That's why this article has been created. It aims to provide a comprehensive checklist and valuable advice to help you choose the perfect caravan that suits your needs and preferences. - read more
10 Questions to Ask Before Financing a Caravan 10 Questions to Ask Before Financing a Caravan
Financing a caravan is a significant financial decision for many Australian consumers. Whether it's for road trips with family, a home on the move, or as a lifestyle change, securing the right loan is essential. - read more
The Cost of Adventure: Budgeting for Your Caravan Insurance The Cost of Adventure: Budgeting for Your Caravan Insurance
Setting out on the open road in a caravan is more than just a travel choice; it's the embrace of an adventurous lifestyle. With this rise in caravanning across Australia, so too climbs the need for robust protection. Caravan insurance emerges not as an option but as an essential, safeguarding your home on wheels from the unforeseen and often unpredictable events. - read more
5 Mistakes to Avoid When Applying for Caravan Finance 5 Mistakes to Avoid When Applying for Caravan Finance
Embarking on the journey of owning a new caravan is an exhilarating moment filled with visions of open roads and the unparalleled freedom of exploration. The thrills of planning road trips, creating a home away from home, and the anticipation of adventure are ample reasons to consider purchasing a caravan. - read more
Steps to Getting Approved for Caravan Finance Steps to Getting Approved for Caravan Finance
Understanding caravan finance is crucial whether you're planning an epic road trip or seeking an affordable way to own a mobile holiday home. Caravan finance allows you to spread the cost of your purchase over a period, making it easier to manage financially. - read more
10 Questions to Ask Before Financing a Caravan 10 Questions to Ask Before Financing a Caravan
Financing a caravan is a significant financial decision for many Australian consumers. Whether it's for road trips with family, a home on the move, or as a lifestyle change, securing the right loan is essential. - read more
The Ultimate Checklist for Caravan Loan Approval in Australia The Ultimate Checklist for Caravan Loan Approval in Australia
Australia is synonymous with sprawling landscapes and the spirit of adventure. With such an irresistible call to explore the great outdoors, it's no surprise that the popularity of caravanning has surged amongst wanderlust-filled Aussies. The freedom to hit the open road with the comforts of home tagging along in a caravan is an unmatched experience. - read more
From Pre-Approval to Purchase: Your Roadmap to Caravan Finance From Pre-Approval to Purchase: Your Roadmap to Caravan Finance
Imagine the open road before you, the comfort of your home on wheels behind you, and the promise of adventure at each destination. Owning a caravan offers unparalleled freedom and joy, allowing you to explore the countryside and make memories that last a lifetime. However, the path to purchasing the caravan of your dreams often begins with navigating the financial aspect of ownership. In this article, we delve into the exciting journey of caravan finance. - read more


START HERE
Get a free caravan loan eligibility assessment and compare offers tailored specifically to your circumstances.
Loan Amount:
Postcode:

Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Negative Amortization:
A situation in which the loan payment for any period is less than the interest charged over that period, causing the loan balance to increase.