Oct 1 (Reuters) - Australian Securities & Investments Commission:
* CONSULTS ON REFORMS TO SALE OF ADD-ON FINANCIAL PRODUCTS SOLD WITH CARS
* RELEASED CONSULTATION PAPER ON PROPOSAL TO USE ITS PRODUCT INTERVENTION POWER TO REFORM SALE OF ADD-ON FINANCIAL PRODUCTS BY CAR YARDS
* ASIC IS TAKING ACTION TO ADDRESS ONGOING CONCERNS ABOUT CONSUMER HARMS FROM SALE OF ADD-ON INSURANCE AND WARRANTY PRODUCTS BY CAR YARDS.
* PAPER SEEKS VIEWS ON PROPOSAL OF APPLYING A DEFERRED SALES MODEL TO SALES OF ADD-ON INSURANCE PRODUCTS AND WARRANTIES BY CARYARDS