FLEX-COMMISSIONS OUT SAYS ASIC

ASIC announced in March that it will prohibit flex-commission in the car finance market but will still allow lenders to pay other types of compensation to car Dealers. ASIC considers flex-commissions “are arrangements in which a party other than a…

ACCC DENIES INSURANCE COMMISSIONS CAP

In a major win for Dealers, the Australian Competition and Consumer Commission (ACCC) has denied 16 insurance companies authorisation to jointly impose a 20 per cent cap on commissions paid to motor vehicle Dealers who sell add-on insurance products. The…

AADA RESPONDS TO ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM PAPER

AADA has responded to the Attorney-General’s Department consultation paper on anti-money laundering and counter-terrorism financing, arguing that banning cash sales is the best way to prevent high-value Dealers being used for those criminal activities. In November 2016 the Attorney-General’s Department…

FAIR WORK ACT AMENDMENT: WHAT YOU NEED TO KNOW

In March, following on from the 7-Eleven scandal, the Federal Government introduced legislation in the House of Representatives to amend the Fair Work Act to better protect vulnerable workers. This has application to franchisors/OEMs/distributors who have a significant degree of…

QUEENSLAND TRADING HOURS REVIEW

In August last year the Queensland Government approved Terms of Reference for a review of Queensland’s retail trading hours. The review was conducted by an independent reference group chaired by Mr John Mickel, former Speaker of the Queensland Legislative Assembly….

THE INEVITABLE RISE OF ARTIFICIAL INTELLIGENCE

More than most industries the automotive industry is at the front line of the technological revolution that will see artificial intelligence (AI) and automation completely alter the way we live, move and do business. A new report, titled “Amplifying Human…

TOWN HALL MEETINGS

Throughout March, AADA held a series of ‘town hall meetings’ with Dealers around Australia in order to communicate the Association’s current position, priorities and needs. We were pleased with the reception we received and believe Dealers who attended had much…

UK DEALER SATISFACTION DROPS SLIGHTLY: SURVEY

The latest survey of UK Dealers, conducted by the National Franchised Dealers Association (NFDA), has found a slight drop in the satisfaction of franchised car Dealers regarding their relationship with manufacturers. Dealers recorded an average satisfaction score of 6.1 in…