Newcastle

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7 years 7 months
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Brisbane

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7 years 7 months
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Melbourne

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7 years 7 months
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ALUCA Turks Life Insurance Scholarship

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7 years 1 month
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Tessa
Last name
Hills
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TurksLegal
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+61282575785
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Marketing
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The ALUCA Turks Life Insurance Scholarship supports the professional growth of ALUCA and its members by providing a significant career development opportunity for professionals working in the life insurance industry.

Ripple effect of the new Banking Code of Practice to Debt Collectors

  • Published 17.12.2019

Summary

If you think the new Banking Code of Practice only affects the banks, think again! The code has far wider reach than the banking industry and may even lead to amendments to the Bankruptcy Act, causing ripples in the debt collection industry.

The Banking Code of Practice 2019 (‘Code’) commenced on 1 July 2019.

It is the first banking code considered and approved by ASIC. The Code is not compulsory upon the banks and it is up to the individual banks to adopt it. At present, 25 banks including all major banks have voluntarily adopted the Code.

Crossing the “important and clear line” between general and personal advice

  • Published 16.12.2019

Background

The licensees were licenced to provide general advice. They wrote to the members of their respective superannuation funds offering a free search for other superannuation accounts the customer might hold. A dedicated “Super Activation Team” then made telephone calls during which the customers, who may
or may not have accepted the free search offer, were offered a further service of arranging a rollover of external accounts to consolidate their funds.