Highlights
Task 1
a) Regulated financial advice
Does David give regulated financial advice in this situation? Give reasons for your answer.
You are required to:
• State whether or not David gives regulated financial advice in this situation.
• Cite and explain the relevant section(s) of the Financial Markets Conduct Act 2020 that supports your view.
b) Privacy Act 2020
David collects personal information from Kate. Does he collect this personal information in accordance with the privacy principles?
You are required to:
• Identify the four privacy principles that cover the collectionof personal information.
• For each of the four principles, illustrate, with reference to the case study, whether David complies with each principle.
c) Optional benefit – hiring a car
Kate is adamant that she made it clear she needed cover for the cost of hiring a car. Her comments suggest that Aotearoa Insurance may have breached consumer legislation. Which Act may it have breached and how?
You are required to:
• Identify the Act that Aotearoa Insurance may have breached.
• Cite the two key sections of the Act that may have been breached.
• Explain why these two key sections may have been breached.
d) Human Rights Act
Kate accuses Aotearoa Insurance of discrimination. Is there any
evidence that Aotearoa Insurance has practised discrimination in its dealings with Kate?
You are required to:
• State whether or not Aotearoa Insurance has practised discrimination in its dealings with Kate.
• Justify your decision with reference to the relevant section(s) of the Human Rights Act.
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