NIBA Toolbox

Model Wordings & Templates

This menu contains advice and suggested wordings to help you prepare your suite of disclosure and general business documents.

• Letters of Appointment and Letter of Authority to Review and Quote
• Financial Services Guide
• Statement of Advice
• General Advice Warning
• Product Disclosure Statement
• Broker Insurer Administration Agreement
• AML life brokers templates

Licencing & Compliance

This section contains information and links that provide you easy access to the relevant legislation surrounding your licensing obligations.

Licencing

For accurate, clear and current information on licensing requirements, visit the ASIC website and if ever in doubt, go to the Road Map.

NIBA papers and factsheets

• Understanding your Licence Conditions
• Licence Authorisations
• Appointing Authorised Representitives
• Licence Variation
• Compensation Arrangements
• Changing your Reponsible Manager details
• Obtaining a police check
• Frequently asked Licencing questions

Compliance

NIBA papers and factsheets

• Changes to the Insurance Contracts Act
• Complying with your Licence
• Compensation and Insurance Arrangements
• Relief from FSR Provisions
• Reference Checking
• Conflicts of Interest
• Privacy Plan
• Compliance Plan
• Hawking and Retail Client Cooling off Period
• Compliance Documentation
• What you need to monitor
• Breach Reporting
• ASIC's observations and conclusions on Conflict of Interest
• ASIC gives brokers choice in appointing agents
• NIBA Compliance Manager
• Compliance Integration
• Compliance a cost or a benefit? 
• Authorised Representatives or Distributors
• Common Compliance Errors
• Insurance Broker Disclosure Requirements in Australia
• Frequently Asked Compliance Questions