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When more breach reporting is good news

When more breach reporting is good news
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COBA includes vulnerability obligations to its code

Customer-owned banking institutions will need to apply more stringent measures to ensure vulnerable customers are identified and supported.    

Former SCT chief establishes complaints-handling consultancy

Print Former Superannuation Complaints Tribunal (SCT) chair, Jocelyn Furlan has returned to the superannuation disputes arena with the formation of a new firm specifically aimed at assisting superannuation trustees with handling member complaints.  The new firm, FM Super Resolutions has been established by Furlan and Pamela McAlister with a view to helping superannuation trustees deal with the disputes in the environment created by the Australian Securities and Investments Commission’s (ASIC’s) Regulatory Guide 271 which introduces user-pays fees for superannuation disputes.  Furlan said she believed that trustees would need to look at RG 271 and review their internal complaints handling processes and procedures to minimise the number of complaints likely to proceed for handling by the Australian Financial Complaints Authority (AFCA). 

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