To support efficient and effective implementation of the Government’s response, the Treasury Royal Commission Taskforce has continued as the Financial Services Reform Taskforce.
The Government has provided $12.1 million to Treasury and the Office of Parliamentary Counsel (OPC) for implementation‑related work in the 2019-20 Budget and will now provide an additional $9.3 million to Treasury and OPC. The additional funding will support the delivery of the Government’s ambitious plans for the implementation of the Royal Commission recommendations.
The additional funding also includes resourcing for Treasury to begin the longer term task of considering how to simplify the law, consistent with recommendations 7.3 and 7.4 of the Royal Commission.