A new "Treating Customers Fairly" law for Australia's financial industry. The project aims to investigate the Treating Customers Fairly regime law (put forward by an Australian Law Reform Commission (

Description

A new "Treating Customers Fairly" law for Australia's financial industry. The project aims to investigate the Treating Customers Fairly regime law (put forward by an Australian Law Reform Commission (Commission) Inquiry into reforming our financial sector legislation), by utilising, for the first time, an internationally comparative critique of existing Treating Customers Fairly regimes in the UK, South Africa and New Zealand. This project will generate new knowledge: a blueprint for adoption into Australia of such a regime, in line with the Commission’s suggested government policy direction. The outcomes include significantly enhanced consumer protection and effective law enforcement. Benefits include a much simplified, more effective law, governing every consumer, and every financial product in Australia.. Scheme: Discovery Projects. Field: 4803 - International and Comparative Law. Lead: A/Prof Andrew Schmulow