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What is the No Conflict Rule?

When it comes to financial services—especially insurance broking—trust and transparency are essential. One key regulation designed to protect clients and promote ethical conduct is the No Conflict Rule . At Auswide Insurance Brokers , based in Seven Hills , we’re committed to helping you understand the principles that guide our profession. In this post, we’ll break down what the No Conflict Rule means, why it matters, and how it safeguards your interests. What is the No Conflict Rule? The No Conflict Rule refers to a legal and ethical obligation placed on financial professionals, including insurance brokers, to avoid conflicts between their own interests and those of their clients. In simple terms, professionals must not allow their personal or business gain to interfere with the advice or services they provide. Under Australian law—particularly the Corporations Act 2001 and ASIC regulations—financial service providers must: Act in the best interests of their clients Prioritise the ...