Financial services industry

FAST Record ID: 
924738

Briefing paper

13 Apr 2018

Financial advice can play an important role for consumers - access to affordable, quality financial advice can bring significant benefits to consumers and help them to make informed decisions. This resource focuses on the reforms affecting the regulation of financial advice since 2007.

Discussion paper

10 Apr 2018

This discussion paper has been released to seek feedback on proposed regulations to support measures in the Financial Services Legislation Amendment Bill, in relation to addressing misuse of the Financial Service Providers Register.

Briefing paper

5 Apr 2018

This background paper provides information about the key participants in the Australian financial planning industry, some features of this industry, the main services offered by financial planners and advisers, as well as an outline of a selection of regulatory issues.

Briefing paper

5 Apr 2018

This background paper explains both the current education and training requirements for financial advisers or financial planners and the key aspects of recent reforms in this area. This paper has been prepared using publicly available information.

Briefing paper

5 Apr 2018

This background paper outlines the main categories of financial products available to retail investors, the size of retail investment in the main categories of financial products held by Australian retail investors and the ways in which retail investors are protected, including prohibitions and restrictions on...

Technical report

5 Apr 2018

This technical paper has been prepared for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industries. Its purpose is to explain in general terms the legal framework within which financial advice is provided, and financial products are sold, to Australian households....

Report

4 Apr 2018

APRA has released the results of a review of remuneration practices at large financial institutions, which found considerable room for improvement in the design and implementation of executive remuneration structures.

Report

27 Mar 2018

The life insurance industry is a significant part of the financial services sector in Australia. It has a noble purpose in providing financial protection to policyholders in times of need and financial distress. Despite this, there are sections of the industry that can and must...

Strategy

20 Mar 2018

This strategy document presents a vision for more inclusive and sustainable financial markets, and articulates a plan for impact investing to lead progress toward this future.

Briefing paper

19 Mar 2018

Reforms are being introduced to improve the efficiency and level of competition in consumer lending, with a goal of driving better pricing, enhanced access to finance and new products and services.

Report

15 Mar 2018

The opaque pricing of discounts offered on residential mortgage rates makes it difficult for customers to make informed choices and disadvantages borrowers who do not regularly review their choice of lender, this report by the ACCC has found.

Briefing paper

9 Mar 2018

This background paper provides information about car financing in Australia, including the range of participants and their relationship to car dealers, the relative market share of various participants, the size of the sector and the profitability of the sector.

Discussion paper

5 Mar 2018

This consultation paper sets out our proposals for two aspects of our oversight role regarding the Australian Financial Complaints Authority (AFCA). It also seeks feedback on whether financial firms need any transitional relief from external dispute resolution disclosure obligations in the lead up to commencement...

Annual Report

28 Feb 2018

This report analyses the different approaches to disclosure across the fintech industry and makes recommendations on best practice and identifies commitments to action.

Briefing paper

22 Feb 2018

This background paper provides information about two particular industry participants in the Australian mortgage broking market, mortgage brokers and mortgage aggregators, some features of the Australian mortgage broking industry and the main services provided by mortgage brokers and mortgage aggregators.

Policy report

20 Feb 2018

This year, the ACCC will focus on consumer issues in broadband services and energy, competition in the financial services and commercial construction sectors, systemic consumer guarantee issues, and conduct that may contravene the new misuse of market power and concerted practices provisions.

Report

15 Feb 2018

This report presents the findings of our surveillance under s912E of the Corporations Act of six credit rating agencies in Australia. The surveillance period was 1 January 2016 to 31 October 2017.

Briefing paper

12 Feb 2018

This background paper provides information about the range of Australian banking industry participants, the relative market share of those participants, the size of the Australian banking industry, the range of products offered and the profitability of the sector.

Report

Giving customers choice, convenience and confidence
9 Feb 2018

Open Banking has the potential to transform the way in which customers use and benefit from the banking system. This final report makes fifty recommendations, on the regulatory framework, the type of banking data in scope, privacy and security safeguards for banking customers, the data...