{"id":40411,"date":"2018-04-03T23:04:05","date_gmt":"2018-04-03T12:04:05","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=40411"},"modified":"2018-04-04T07:53:41","modified_gmt":"2018-04-03T20:53:41","slug":"advisers-reject-call-for-random-asic-audits","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2018\/04\/03\/advisers-reject-call-for-random-asic-audits\/","title":{"rendered":"Advisers Reject Call For Random ASIC Audits"},"content":{"rendered":"<div id=\"polls-198\" class=\"wp-polls\">\n\t\t<div class=\"pollHeader\"><strong>Do you support the call for ASIC to conduct random audits of 20 per cent of life insurance advisers over a three-year period?<\/strong><\/div><div id=\"polls-198-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li>No <small>(67%)<\/small><div class=\"pollbar\" style=\"width: 67%\" title=\"No (67% | 205 Votes)\"><\/div><\/li>\n\t\t<li>Yes <small>(28%)<\/small><div class=\"pollbar\" style=\"width: 28%\" title=\"Yes (28% | 86 Votes)\"><\/div><\/li>\n\t\t<li>Not sure <small>(4%)<\/small><div class=\"pollbar\" style=\"width: 4%\" title=\"Not sure (4% | 13 Votes)\"><\/div><\/li>\n\t\t<\/ul><div style=\"text-align: center\"><\/div><\/div>\n\t\t<input type=\"hidden\" id=\"poll_198_nonce\" name=\"wp-polls-nonce\" value=\"e0f4ef2fba\" \/>\n<\/div>\n\n<p>The majority of advisers have indicated they don&#8217;t support the call for ASIC to conduct random audits of Australian risk advice businesses.<\/p>\n<p><!--more-->The call to audit 20 per cent of life insurance advisers over a three-year period was made as part of the final recommendations made by the Parliamentary Joint Committee charged with investigating Australia&#8217;s life insurance sector (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2018\/03\/27\/pjc-report-recommends-compliance-audits-for-risk-advisers\/\" target=\"_blank\" rel=\"noopener\">PJC Recommends Compliance Audits For Risk Advisers<\/a>).<\/p>\n<p>While 63 per cent have rejected this call, around a third of those taking our poll (31 per cent) have indicated their support, while 6 per cent aren&#8217;t sure.<\/p>\n<p>Given the general feedback we&#8217;ve received on this poll and elsewhere, our sense is that most risk-focused advisers would be okay to be subjected to a random ASIC audit because they&#8217;re already subject to regular audits from their licensee. We&#8217;re thinking that a proportion of those voting against such a move have taken this position mostly due to regulatory and other industry events in recent years in which they believe advisers have been unfairly targeted.<\/p>\n<p>What&#8217;s your view? If you don&#8217;t support the call for random ASIC audits of risk advice businesses, what&#8217;s your main reason for taking this position? Equally, if you&#8217;re one of the healthy minority who support the random audit call, what are your reasons?<\/p>\n<p>Our poll remains open for another week if you haven&#8217;t yet had your say&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The majority of advisers have indicated they don&#8217;t support the call for ASIC to conduct random audits of Australian risk advice businesses.<\/p>\n","protected":false},"author":3,"featured_media":40429,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49],"tags":[4247],"class_list":["post-40411","post","type-post","status-publish","format-standard","has-post-thumbnail","category-compliance-regulation","category-polls","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/40411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=40411"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/40411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/40429"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=40411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=40411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=40411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}