AFCA Legacy Complaints - Final Hurdle Cleared

ASIC has today announced its approval of changes to AFCA rules to allow it to hear financial misconduct complaints dating back to 1 January 2008.

This is the final regulatory hurdle required to implement what was a key recommendation of the Financial Services Royal Commission.

This allows complaintants to bring a complaint about conduct as far back as 1 January 2008, which would otherwise be time-limited to six years.

There will be a one-year window to lodge these legacy complaints – 1 July 2019 to 30 June 2020.

Look out for more information from us about this over the coming weeks.

See ASIC’s media release here: https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-145mr-asic-approves-afca-rules-change-for-legacy-complaints/

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