$165.00 inc GST
Online Compliance Course
Course length:
35 minutes online
Regulation/Law:
Corporations Act 2001
National Consumer Credit Protection Act 2009
Region:
Available in Australia
Course audience:
Employees, contractors and volunteers
Delivery:
Deploy our courses online via Safetrac’s Compliance LMS or opt for SCORM delivery on your company’s LMS.
Course type:
Structured iDesigned for learners with little prior knowledge, this course type takes the learner through the course subject sequentially – one step at a time.
About this course
This course is designed in accordance with the principles outlined in Regulatory Guide 234: Advertising Financial Products and Services. It aims to provide participants with a comprehensive grasp of the legal responsibilities associated with promoting and publishing financial products, emphasising the importance of avoiding false or misleading statements and deceptive practices.
In the realm of advertising compliance, it’s imperative to recognise which advertisements and products fall within the scope of regulatory guidance, ensuring alignment with legal obligations. This involves an understanding of the regulatory landscape to effectively navigate potential pitfalls. Crafting advertisements for financial products demands a delicate balance between promotional creativity and adherence to regulatory standards.
Violations of these standards can lead to severe consequences, ranging from reputational damage to legal penalties. Therefore, a proactive approach to compliance, coupled with continuous monitoring and adaptation to regulatory changes, is paramount in safeguarding both consumer trust and organisational integrity.
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Learning outcomes
By the end of this module, you will be able to:
- understand which advertisement and products are captured by the guidance;
- understand how to create advertisements for financial products that are in line with the guidance and your legal obligations; and
- understand how ASIC may deal with those who make false or misleading statements, or engage in misleading or deceptive conduct when advertising.
Course contents
- Advertisements captured by the guidance
- Products captured by the guidance
- Returns, features and benefits
- Warnings, disclaimers, qualifications and fine print
- Fees and costs
- Comparisons between products, benefits and returns
- Past performance and forecasts
- Endorsements and testimonials
- Actual and target audience
- Responsible lending
- ASIC’s regulatory powers
