RG 195
Group purchasing bodies for insurance and risk products
Issued 29 June 2010. This is a guide for group purchasing bodies—that is, persons who arrange or hold risk management products to cover other persons’ risks but do not:.
In plain English
This guide explains rules for group purchasing bodies that arrange insurance and risk products for others.
RG 195 applies to group purchasing bodies. These bodies arrange or hold risk management products for others. It was issued on 29 June 2010. It explains their obligations under the Corporations Act. It does not apply if the body does not hold an Australian Financial Services Licence (AFSL).
Why it matters
If your business arranges insurance or risk products for a group, this guide helps ensure you meet your legal obligations. It’s important for compliance and avoiding potential issues with ASIC.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-195-group-purchasing-bodies-for-insurance-and-risk-products/. Rules Mate indexes + summarises; always verify against the regulator's live publication.