13 February 2018



Reports in the media today quoted a statement by Counsel assisting the banking Royal Commission, Rowena Orr QC, which said that the Royal Commission will engage on “… car lending practices that appear to depart from…” standards of honesty and fairness.

The article by Misa Han in today’s Australian Financial Review also quoted extensively from statements made by the Consumer Action Law Centre.

It’s not clear which particular areas of car finance will be scrutinised by the Royal Commission, but the Financial Review article alluded to flex commissions on car loans and the sale of add-on insurance products being in scope.

These matters have been comprehensively dealt with by the Australian Securities and Investments Commission; refunds have been provided and regulations have been issued (or in case of insurance will soon be issued) to address identified poor practice.

We are engaging with Treasury today seeking clarification on the scope and purpose of what may be interpreted as a re-opening of the issues already covered by ASIC.

We will keep you appropriately informed as the matter progresses.

For any queries, please contact the AADA.


James Voortman
Executive Director Policy and Communications
Australian Automotive Dealer Association
M: +61 452 535 696


Brian Savage
Executive Director Operations
Australian Automotive Dealer Association Ltd
M: +61 418 377 594

1 comment

  1. Me chifla, adoro, lo que hacéis en este blog ( no sé si lo ecribís más de uno) pero de
    veras que me gusta mucho como desarrolláis los temas.
    Un trabajo cuidadoso y trabajado. Desde este momento os pienso proseguir
    Hola por ahí. Han compartido en facebook está
    página y la verdad me ha gustado mucho, así que lo voy a compartir yo asimismo, saludos desde Barna

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