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Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was formally established on 14 December 2017 and held seven rounds of hearings during the course of 2018. The CEO of the AFA appeared during Round 2 on 26 April 2018.

The final report was handed to the Government on 1 February 2019 and publicly released on 4 February 2019. The final report included 76 recommendations and three separate volumes. Volume one included the Recommendations, whilst volume two addressed the Case Studies that were covered in the hearings. Volume three was the appendices. The Government has also provided a response to the report, setting out what they propose to implement.

AFA Royal Commission Transition Tools

02 September 2019 - Grandfathered Commissions Decision Tree

Royal Commission Legislation

01 August 2019 - Ending Grandfathered Conflicted Remuneration Bill

01 August 2019 - Ending Grandfathered Conflicted Remuneration Explanatory Memorandum

01 August 2019 - Ending Grandfathered Conflicted Remuneration - Minister's speech

09 September 2019 - AFA Response to the Ending Grandfathered Conflicted Remuneration Bill

25 September 2019 - Grandfathered Conflicted Remuneration - A Policy Vacuum

AFA Submissions in Response to Consultation on Royal Commission Recommendations

22 March 2019 - AFA Submission to Treasury on Ending Grandfathered Conflicted Remuneration

29 March 2019 - AFA Submission on Insurance Claims Handling

12 April 2019 - AFA Submission on Enforceability of Financial Services Industry Codes