Dealer Bulletins
Backing Small Business
23 May 2017 Dear Members I recently received a personal note from the Minister for Small Business, The Hon Michael McCormack MP directing me to the Government’s latest publication…
AADA Supports ASIC ban on illegal practices
CEO of the Australian Automotive Dealer Association (AADA) David Blackhall said the recent action by the Australian Securities and Investments Commission (ASIC) to ban an operator from engaging in credit…
2017 AADA Federal budget
AADA, in partnership with the Australian Chamber of Commerce and Industry, has provided AADA members with an overview of the 2017 Federal Budget delivered Tuesday 9 May by the Hon….
ASIC Acts To Address Flex-Commissions In Car Finance Market
On Friday 3 March 2017 ASIC announced that it will prohibit flex-commission in the car finance market but will still allow lenders to pay other types of commissions to car…
Flex-Commissions
This afternoon ASIC released its proposals on flex-commissions paid to Dealers by financiers. The ASIC documents can be viewed here. AADA is examining the documents and will issue a detailed…
Good news from the ACCC at last
Our persistence and advocacy is paying off. The ACCC today brought down its draft determination to deny authorisation of cartel behaviour sought by 16 insurance companies seeking to impose a…
Federal regulatory impact on high-value dealers under anti-money laundering and counter terrorism financing act 2006 (aml/ctf act)
The AML/CTF Act provides the means to help detect and deter money laundering and terrorism financing. It also provides financial intelligence to revenue and law enforcement agencies. Businesses must meet…
ASIC recommends approval of insurance industry cartel proposals
ACCC likely to implement 20% cap and other actions in 2017 Last month ASIC reviewed the insurance industry’s application to institute a voluntary code to regulate commissions and other matters…
Carsguide.com.au
We are writing to advise you about an important change to the competitive landscape in the internet lead management space and across related dealer support services. The existing Carsguide.com.au joint…
Australian Consumer Law Review Interim Report Released
On 14 October 2016, Consumer Affairs Australia and New Zealand (CAANZ) presented the Interim Report on the Australian Consumer Law (ACL) Review. The Interim Report follows the ACL Review Issues…
