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International Law

: Australian Regulatory Compliance Review

ASIC relief for group insurance

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ASIC has issued Class Order (CO 08/1) Group purchasing bodies to provide conditional exemptions for group purchasing bodies that arrange cover under insurance or facilities for managing financial risk (excluding certain foreign insurance) from the Australian financial services (AFS) licensing and managed investment scheme registration requirements.

  • Class Order (CO 08/1) Group purchasing bodies
  • Explanatory Statement to Class Order (CO 08/1)
  • Regulatory Guide 195 Group purchasing bodies for insurance and risk products

    • Group purchasing bodies may be eligible for the relief if they are independent or are acting incidentally to their not-for-profit activities.

    Full post as published by Australian Regulatory Compliance Review on September 30, 2008 (boomark / email).

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