Category: Policy Viewpoint

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….

AADA expects record convention numbers at new Sydney venue

The 2017 AADA National Dealer Convention returns to Sydney in September. AADA is expecting record numbers to attend at the brand new, billion dollar ICC Sydney on Darling Harbour. Under the theme ‘Advancing Innovation, Technology and Engagement’, we have compiled…

AADA ARGUES AGAINST LCT IN PRE-BUDGET SUBMISSION

In a pre-Budget submission to the Federal Government, AADA has argued that the Luxury Car Tax (LCT) is no longer relevant and asked for consideration for the retail automotive sector’s significant contribution to the Australian economy. The Minister for Small…

AIG Regulatory update

Commercial law firm, HWL Ebsworth, have released their annual Automotive Industry Group Regulatory Update, providing their view on new, current and proposed legislation. The 25-page document deals with amendments to Australian Consumer Law (ACL), unfair contract provisions and The Motor…