Self Reporting of Contraventions by Financial Services and Credit Licensees
The submission to Australian Securities & Investment Commission (ASIC) Enforcement Review Position and Consultation Paper 1 entitled 'Self-reporting of contraventions by financial services and credit licensees' was prepared by the Superannuation Committee of the Law Council's Legal Practice Section.
The Committee’s objectives are to ensure that the law relating to superannuation in Australia is sound, equitable and clear. The Committee makes submissions and provides comments on the legal aspects of the majority of all proposed legislation, circulars, policy papers and other regulatory instruments which affect superannuation funds. The Committee is guided by its objectives identified above and has only made comments where the Committee has identified issues within its remit.
You can read the full submission below.