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 established on 14 December 2017 by the Governor-General of the Commonwealth of Australia, His Excellency General the Honourable Sir Peter Cosgrove AK MC (Retd).
Whilst the AFA believes that financial advisers have already been subject to numerous reforms and inquiries, we do accept that the political and media pressure for a further inquiry was intense and that the Royal Commission will now enable the matter to be resolved and to improve consumer trust in our industry. The AFA continues to advocate on behalf of all members.
