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

Report

7 Sep 2018

ASIC asserts that it is working to provide a fair, strong and efficient financial system for all Australians. Underpinning this vision is the recognition that every dollar in the financial system is other people’s money.

Briefing paper

28 Aug 2018

An important feature of the modern life insurance market is that all products, except trauma or critical illness insurance, are sold both on an individual basis as well as a group basis. There are three sectors or sales channels for life insurance: through an advice...

Briefing paper

28 Aug 2018

Life insurance is a type of insurance which provides cover for death, disability, a health condition, some illnesses and injuries.

This background paper deals with the specific issues in relation to the four key forms of life insurance cover – term (death) insurance, total...

Briefing paper

28 Aug 2018

The purpose of this paper is to discuss some of the factors that influence how insurers provide general and life insurance to consumers to assist consumers manage risk. It also discusses the size and composition of the general and life insurance industries, and the main...

Briefing paper

28 Aug 2018

At the request of the Royal Commission, this paper discusses recent and prospective reforms affecting the general and life insurance sectors. Many of the reforms enhance ASIC’s oversight and capacity to intervene in the industry.

Submission

26 Jul 2018

In this submission, the Department of the Treasury does not make recommendations, but seeks to set out the issues involved, the current regulatory framework and how it developed, and the trade-offs involved in various responses to matters currently being considered by the Royal Commission.

Technical report

26 Jul 2018

The purpose of this report is to explain aspects of the legal framework for the Australian superannuation system, focusing on the rules that govern the use of members’ funds by trustees and other professional financial services providers in the superannuation system. It also deals briefly...

Briefing paper

24 Jul 2018

This paper considers the superannuation system from the consumer (or member) perspective, discussing how a consumer enters the superannuation market, interacts with superannuation fund trustees and accesses their superannuation at retirement.

Briefing paper

24 Jul 2018

This paper provides a summary of major financial system reforms over the past twenty-five years, focussing primarily on regulatory reforms affecting superannuation funds.

Briefing paper

22 Jun 2018

This paper provides context for Aboriginal and Torres Strait Islander consumers’ interactions with banking and financial services, especially in remote areas across Australia. It also provides background information and detail on Australian government policies and programs relating to Indigenous Australians.

Briefing paper

21 Jun 2018

This paper provides information on the interactions of Aboriginal and Torres Strait Islander people with financial institutions, including banks, insurers and superannuation funds.

Briefing paper

15 Jun 2018

The Department of Agriculture and Water Resources welcomes the opportunity to provide this background paper. The requested focus of this background paper is on key reforms (legislative, regulatory or policy developments) over the past ten years, and any anticipated reforms, relevant to farm finance issues....

Briefing paper

15 Jun 2018

This paper discusses access to, and use of, financial services by those in regional and remote areas and challenges people may face when accessing financial services.

Briefing paper

12 Jun 2018

The aim of the paper is to give the reader a guide to the law, regulation and practices in general insurance in Australia. It is a large topic. The importance of regulation in the work of the Commission means that the part dealing with regulation...

Briefing paper

12 Jun 2018

The function of insurance in our community is highlighted in Australian natural disasters. Insurance in natural disasters has been in sharp focus since at least 2010. The variety, frequency, severity of natural disasters and catastrophes in Australia create unique challenges for the community, policyowners and...

Briefing paper

18 May 2018

In response to a request from the royal commission, APRA has prepared this paper on the effect on an authorised deposit-taking institution’s (ADI) Tier 1 capital, where a loan is classified as impaired, a provision is raised and enforcement action against the loan’s security is...

Briefing paper

14 May 2018

This background paper provides information about small and medium-sized enterprises (SMEs) in Australia, and describes some ways that SMEs interact with providers of financial products. This paper also highlights that there is no single definition of an SME in Australia, and that data about SMEs...

Commentary

11 May 2018

The banking royal commission has exposed senior management, boards and regulators to unprecedented scrutiny — and the problems don’t end with the finance sector, writes Michael Gill.

Overview

 

Items: 34