Skip to main content

2018 | OriginalPaper | Buchkapitel

2. Protection of Financial Consumers in Australia

verfasst von : Andrew D. Schmulow, James O’Hara

Erschienen in: An International Comparison of Financial Consumer Protection

Verlag: Springer Singapore

Aktivieren Sie unsere intelligente Suche um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

Financial consumers are defined by s 12BC of the ASIC Act (Australian Securities and Investments Commission Act (Cth), No. 51 of 2001, (Australia).) as consumers of services worth less than AUD 40,000.00, (S 12BC (1)(a)) or if worth more, then ‘of a kind ordinarily acquired for personal, domestic or household use or consumption’ (S 12BC (1)(b)); or if the services are for use or consumption in connection with a small business, (Defined in s 12BC (2) as employing less than 100 people if it engages in manufacturing, or otherwise less than 20 people.) and cost more than AUD 40,000.00, ordinarily acquired for business use or consumption (S 12BC (1)(c).).

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literatur
Zurück zum Zitat Australian Prudential Regulation Authority Act (Cth), No. 50 of 1998, (Australia). Australian Prudential Regulation Authority Act (Cth), No. 50 of 1998, (Australia).
Zurück zum Zitat Australian Securities and Investments Commission Act (Cth), No. 51 of 2001, (Australia). Australian Securities and Investments Commission Act (Cth), No. 51 of 2001, (Australia).
Zurück zum Zitat Banking Act (Cth), No. 6 of 1959, (Australia). Banking Act (Cth), No. 6 of 1959, (Australia).
Zurück zum Zitat Competition And Consumer Act (Cth), No. 51 of 2010 as amended, (Australia). Competition And Consumer Act (Cth), No. 51 of 2010 as amended, (Australia).
Zurück zum Zitat Competition And Consumer Act (Cth), Schedule 2, The Australian Consumer Law, No. 51 of 2010, (Australia). Competition And Consumer Act (Cth), Schedule 2, The Australian Consumer Law, No. 51 of 2010, (Australia).
Zurück zum Zitat Corporations Act (Cth), No. 50 of 2001, (Australia). Corporations Act (Cth), No. 50 of 2001, (Australia).
Zurück zum Zitat Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act (Cth), No. 105 of 2008, (Australia). Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act (Cth), No. 105 of 2008, (Australia).
Zurück zum Zitat Insurance Contracts Act (Cth), No. 80 of 1984 as amended, (Australia). Insurance Contracts Act (Cth), No. 80 of 1984 as amended, (Australia).
Zurück zum Zitat Life Insurance Act (Cth), No. 4 of 1995 as amended, (Australia). Life Insurance Act (Cth), No. 4 of 1995 as amended, (Australia).
Zurück zum Zitat National Consumer Credit Protection Act (Cth), No. 134 of 2009, (Australia). National Consumer Credit Protection Act (Cth), No. 134 of 2009, (Australia).
Zurück zum Zitat National Consumer Credit Protection Regulations (Cth), No. Select Legislative Instrument No. 44 of 2010 as amended, (enacted: 13 June, 2014), (Australia). National Consumer Credit Protection Regulations (Cth), No. Select Legislative Instrument No. 44 of 2010 as amended, (enacted: 13 June, 2014), (Australia).
Zurück zum Zitat Retirement Savings Accounts Act (Cth), No. 61 of 1997 as amended, (Australia). Retirement Savings Accounts Act (Cth), No. 61 of 1997 as amended, (Australia).
Zurück zum Zitat Superannuation (Resolution of Complaints) Act (Cth), No. 80 of 1993 as amended, (Australia). Superannuation (Resolution of Complaints) Act (Cth), No. 80 of 1993 as amended, (Australia).
Zurück zum Zitat Superannuation Industry (Supervision) Act (Cth), No. 78 of 1993 as amended, (Australia). Superannuation Industry (Supervision) Act (Cth), No. 78 of 1993 as amended, (Australia).
Zurück zum Zitat Corones, Stephen & Philip Clarke, Australian Consumer Law, Commentary and Materials, 4th ed., published by Thomson Reuters, Pyrmont, NSW, 2011, 1–888 pages, pp 888. Corones, Stephen & Philip Clarke, Australian Consumer Law, Commentary and Materials, 4th ed., published by Thomson Reuters, Pyrmont, NSW, 2011, 1–888 pages, pp 888.
Zurück zum Zitat Pearson, Gail, “Failure in corporate governance: financial planning and greed”, Chap. 8, in Handbook on Corporate Governance in Financial Institutions, edited by Christine A. Mallin, in ‘Business’, published by Edward Elgar, Cheltenham, UK, 27 May, 2016, pp 185–209. Pearson, Gail, “Failure in corporate governance: financial planning and greed”, Chap. 8, in Handbook on Corporate Governance in Financial Institutions, edited by Christine A. Mallin, in ‘Business’, published by Edward Elgar, Cheltenham, UK, 27 May, 2016, pp 185–209.
Zurück zum Zitat Schmulow, Andrew D., “The four methods of financial system regulation: An international comparative survey”, Journal of Banking and Finance Law and Practice, Vol. 26, no. 3, November, 2015, pp: 151–172, http://www.westlaw.com.au.ezp01.library.qut.edu.au/maf/wlau/app/document?&src=search&docguid=Ifd3c1ffa88f111e584c5a2b5af565fd9&epos=1&snippets=true&fcwh=true&startChunk=1&endChunk=1&nstid=std-anz-highlight&nsds=AUNZ_SEARCHALL&isTocNav=true&tocDs=AUNZ_AU_JOURNALS_TOC&context=56&extLink=false&searchFromLinkHome=false. Schmulow, Andrew D., “The four methods of financial system regulation: An international comparative survey”, Journal of Banking and Finance Law and Practice, Vol. 26, no. 3, November, 2015, pp: 151–172, http://​www.​westlaw.​com.​au.​ezp01.​library.​qut.​edu.​au/​maf/​wlau/​app/​document?​&​src=​search&​docguid=​Ifd3c1ffa88f111e​584c5a2b5af565fd​9&​epos=​1&​snippets=​true&​fcwh=​true&​startChunk=​1&​endChunk=​1&​nstid=​std-anz-highlight&​nsds=​AUNZ_​SEARCHALL&​isTocNav=​true&​tocDs=​AUNZ_​AU_​JOURNALS_​TOC&​context=​56&​extLink=​false&​searchFromLinkHo​me=​false.​
Zurück zum Zitat Australian Securities and Investments Commission, Submission by the Australian Securities and Investments Commission, series edited by Review of the financial system external dispute resolution framework, Australian Securities and Investments Commission, published by EDR Review, Sydney, NSW, October 2016, pp 1–58, http://www.treasury.gov.au/~/media/Treasury/Consultations and Reviews/Consultations/2016/Review of the financial system external dispute resolution framework/Submissions/PDF/Australian_Securities_and_Investments_Commission.ashx. Australian Securities and Investments Commission, Submission by the Australian Securities and Investments Commission, series edited by Review of the financial system external dispute resolution framework, Australian Securities and Investments Commission, published by EDR Review, Sydney, NSW, October 2016, pp 1–58, http://​www.​treasury.​gov.​au/​~/​media/​Treasury/​Consultations and Reviews/Consultations/2016/Review of the financial system external dispute resolution framework/Submissions/PDF/Australian_Securities_and_Investments_Commission.ashx.
Zurück zum Zitat Law Council of Australia, Review of the Financial System External Dispute Resolution Framework, Law Council of Australia, published by Law Council of Australia, Canberra, ACT, 7 October 2016, pp 1–32, https://www.treasury.gov.au/~/media/Treasury/Consultations and Reviews/Consultations/2016/Review of the financial system external dispute resolution framework/Submissions/PDF/Law_Council_of_Australia.ashx. Law Council of Australia, Review of the Financial System External Dispute Resolution Framework, Law Council of Australia, published by Law Council of Australia, Canberra, ACT, 7 October 2016, pp 1–32, https://​www.​treasury.​gov.​au/​~/​media/​Treasury/​Consultations and Reviews/Consultations/2016/Review of the financial system external dispute resolution framework/Submissions/PDF/Law_Council_of_Australia.ashx.
Zurück zum Zitat Mishkin, Frederic S., Over the Cliff: From the Subprime to the Global Financial Crisis, series edited by National Bureau of Economic Research, in ‘NBER Working Paper Series’, no. 16609, National Bureau of Economic Research, published by National Bureau of Economic Research, Cambridge, MA, December 2010, pp 1–32, http://www.nber.org/papers/w16609. Mishkin, Frederic S., Over the Cliff: From the Subprime to the Global Financial Crisis, series edited by National Bureau of Economic Research, in ‘NBER Working Paper Series’, no. 16609, National Bureau of Economic Research, published by National Bureau of Economic Research, Cambridge, MA, December 2010, pp 1–32, http://​www.​nber.​org/​papers/​w16609.
Zurück zum Zitat Professor Rosalind Croucher (President and Commissioner in Charge), Justice Berna Collier (part-time Commissioner) & The Hon Susan Ryan AO, Age Discrimination Commissioner (part-time Commissioner), Grey Areas—Age Barriers to Work in Commonwealth Laws (DP 78), series edited by Australian Law Reform Commission, in ‘Publications’, no. 78, Vol. Chapter 5, ‘Social Security’, Australian Law Reform Commission, published by Australian Law Reform Commission, Sydney, NSW, 2 October 2012, pp 113–146, SKK Book Chapter2.docx. Professor Rosalind Croucher (President and Commissioner in Charge), Justice Berna Collier (part-time Commissioner) & The Hon Susan Ryan AO, Age Discrimination Commissioner (part-time Commissioner), Grey Areas—Age Barriers to Work in Commonwealth Laws (DP 78), series edited by Australian Law Reform Commission, in ‘Publications’, no. 78, Vol. Chapter 5, ‘Social Security’, Australian Law Reform Commission, published by Australian Law Reform Commission, Sydney, NSW, 2 October 2012, pp 113–146, SKK Book Chapter2.docx.
Zurück zum Zitat Professor Rosalind Croucher (President), The Hon Justice John Middleton, Federal Court of Australia (part-time Commissioner), & The Hon Justice Nye Perram, Federal Court of Australia (part-time Commissioner), Elder Abuse - Discussion Paper 83, series edited by Australian Law Reform Commission, in ‘Publications’, no. (DP 83), Australian Law Reform Commission, published by Australian Law Reform Commission, Sydney, NSW, December 2016, pp 1–259, https://www.alrc.gov.au/sites/default/files/pdfs/publications/dp83.pdf. Professor Rosalind Croucher (President), The Hon Justice John Middleton, Federal Court of Australia (part-time Commissioner), & The Hon Justice Nye Perram, Federal Court of Australia (part-time Commissioner), Elder Abuse - Discussion Paper 83, series edited by Australian Law Reform Commission, in ‘Publications’, no. (DP 83), Australian Law Reform Commission, published by Australian Law Reform Commission, Sydney, NSW, December 2016, pp 1–259, https://​www.​alrc.​gov.​au/​sites/​default/​files/​pdfs/​publications/​dp83.​pdf.
Zurück zum Zitat Ramsay, Ian, Julie Abramson & Alan Kirkland, Review of the financial system external dispute resolution and complaints framework, Interim Report, in ‘EDR Review’, Markets Group Financial System Division, The Treasury, Commonwealth Government, published by The Treasury, Canberra, ACT, 6 December 2016, pp 1–201, http://www.treasury.gov.au/~/media/Treasury/Consultations and Reviews/Reviews and Inquiries/2016/Review into EDR/Key Documents/PDF/EDR_interim.ashx. Ramsay, Ian, Julie Abramson & Alan Kirkland, Review of the financial system external dispute resolution and complaints framework, Interim Report, in ‘EDR Review’, Markets Group Financial System Division, The Treasury, Commonwealth Government, published by The Treasury, Canberra, ACT, 6 December 2016, pp 1–201, http://​www.​treasury.​gov.​au/​~/​media/​Treasury/​Consultations and Reviews/Reviews and Inquiries/2016/Review into EDR/Key Documents/PDF/EDR_interim.ashx.
Zurück zum Zitat Wilkins, Roger, The Household, Income and Labour Dynamics in Australia Survey: Selected Findings from Waves 1 to 14, The 11th Annual Statistical Report of the HILDA Survey, series edited by Melbourne Institute of Applied Economic and Social Research, in ‘The Household, Income and Labour Dynamics in Australia (HILDA) Survey’, The University of Melbourne, published by The University of Melbourne Melbourne Institute of Applied Economic and Social Research, Melbourne, Vic, 2016, pp 1–120, https://www.melbourneinstitute.com/downloads/hilda/Stat_Report/statreport_2016.pdf. Wilkins, Roger, The Household, Income and Labour Dynamics in Australia Survey: Selected Findings from Waves 1 to 14, The 11th Annual Statistical Report of the HILDA Survey, series edited by Melbourne Institute of Applied Economic and Social Research, in ‘The Household, Income and Labour Dynamics in Australia (HILDA) Survey’, The University of Melbourne, published by The University of Melbourne Melbourne Institute of Applied Economic and Social Research, Melbourne, Vic, 2016, pp 1–120, https://​www.​melbourneinstitu​te.​com/​downloads/​hilda/​Stat_​Report/​statreport_​2016.​pdf.
Zurück zum Zitat Australian Prudential Regulation Authority, “About the Financial Claims Scheme”, in Home, series edited by Australian Prudential Regulation Authority, published by Australian Prudential Regulation Authority, Sydney, NSW, accessed: 8 January 2017, https://www.fcs.gov.au/about-apra. Australian Prudential Regulation Authority, “About the Financial Claims Scheme”, in Home, series edited by Australian Prudential Regulation Authority, published by Australian Prudential Regulation Authority, Sydney, NSW, accessed: 8 January 2017, https://​www.​fcs.​gov.​au/​about-apra.
Zurück zum Zitat Australian Prudential Regulation Authority, “Insurers Authorised to Conduct New or Renewal Insurance Business in Australia”, in General Insurance, series edited by Australian Prudential Regulation Authority, published by Australian Prudential Regulation Authority, Sydney, NSW, accessed: 8 December 2016, http://www.apra.gov.au/GI/Pages/new-or-renewal.aspx. Australian Prudential Regulation Authority, “Insurers Authorised to Conduct New or Renewal Insurance Business in Australia”, in General Insurance, series edited by Australian Prudential Regulation Authority, published by Australian Prudential Regulation Authority, Sydney, NSW, accessed: 8 December 2016, http://​www.​apra.​gov.​au/​GI/​Pages/​new-or-renewal.​aspx.
Metadaten
Titel
Protection of Financial Consumers in Australia
verfasst von
Andrew D. Schmulow
James O’Hara
Copyright-Jahr
2018
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-10-8441-6_2