Additional commitment – Independent inquiry into changes in industry practices Additional commitment – Assessment of the effectiveness of changes made by the regulators following the Royal Commission by the (to be established) financial regulator oversight authority
Tag: inquiry
2.9 — Misconduct by financial advisers
All AFSL holders should be required, as a condition of their licence, to take the following steps when they detect that a financial adviser has engaged in misconduct in respect of financial advice given to a retail client (whether by Read More …
The Commission team
The following provided assistance during some or all of the term of the inquiry. Counsel Assisting the Royal Commission Rowena Orr QC Michael Hodge QC Albert Dinelli Eloise Dias Mark Costello Other Counsel Mark Hosking Claire Schneider Sarah Zeleznikow Tim Read More …
Information line and enquiries
The Commission operated an information line throughout the terms of its inquiry. The phone line was available during business hours, five days a week, while the email address for enquiries was available 24 hours a day, seven days a week. Read More …
Letters Patent
ELIZABETH THE SECOND, by the Grace of God Queen of Australia and Her other Realms and Territories, Head of the Commonwealth: TO The Honourable Kenneth Madison Hayne AC QC GREETING WHEREAS Australia has one of the strongest and most stable Read More …
6.1 Background
Suncorp Portfolio Services Limited (SPSL), a company within the Suncorp group, is the trustee of two superannuation funds, Suncorp Master Trust (the Master Trust) and the Suncorp Pooled Superannuation Trust.[1] At the time of the Commission’s inquiries, the Master Trust Read More …
1.1 Background
NULIS Nominees (Australia) Limited (NULIS) is an RSE licensee and a wholly owned subsidiary of NAB. It is one of a number of companies in NAB’s ‘Wealth division’. NULIS is the trustee of the MLC Super Fund and MLC Superannuation Read More …
1.4 The Murray Inquiry
The Murray Inquiry undertook a review of Australia’s financial system between 2013 and 2014. The Inquiry said that, while it did not recommend ‘major changes to the overall regulatory system’, it believed that action should be taken in five areas Read More …
1.2 The Wallis Inquiry
The Wallis Inquiry into the Australian financial system was conducted between 1996 and 1997. It proposed a new prudential regulator that would combine existing prudential regulation undertaken by several government agencies into one.[1] That regulator became APRA. The Inquiry proposed Read More …
An addendum: Bankwest
Chapter 5 of the Interim Report – Bankwest and CBA – set out my conclusions about complaints that have been made regarding CBA’s conduct in respect of customers who had borrowed from Bankwest before CBA acquired Bankwest in 2008. I Read More …