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Second Reading Speeches

Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
44

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Summary

Amends the

Corporations Act 2001
to: remove the exemption from the conflicted remuneration ban on benefits paid in relation to certain life risk insurance products; enable the Australian Securities and Investments Commission to permit benefits in relation to life risk insurance products when certain requirements are met; and ban volume based payments in life risk products.