Appendix C: Industry Implementation

Recommendation Relevant stakeholders Timing Recommendation 1.8 – Amending the Banking Code Australian Banking Association (ABA), individual banks The ABA has announced the amended Banking Code, incorporating recommendations 1.8 and 1.13, will be implemented by March 2020. The Government welcomes the Read More …

The Government’s Implementation Plan

In its comprehensive response to the Royal Commission, the Government committed to take action on all 76 recommendations of the Royal Commission and made 18 additional commitments. A table outlining indicative timelines for implementation of recommendations and additional commitments requiring Read More …

Implementation Steering Committee

A Financial Services Reform Implementation Steering Committee (ISC) has also been established, consisting of senior executives of the Treasury, ASIC, APRA and OPC, with participation from other agencies as required. The ISC’s role is to ensure that reforms and regulator Read More …

Financial Services Reform Taskforce

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 Read More …

Foreword

On 4 February 2019, I released Restoring trust in Australia’s financial system, the Morrison Government’s comprehensive response to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. In it, the Government committed to take action on Read More …

Implementation Roadmap

Financial Services Royal Commission Implementation Roadmap August 2019 Restoring trust in Australia’s financial system © Commonwealth of Australia 2019 This publication is available for your use under a Creative Commons Attribution 3.0 Australia licence, with the exception of the Commonwealth Read More …