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

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

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.

Briefing paper

9 May 2018

At the request of the Royal Commission, this information note identifies reforms affecting SME lending introduced since 2007. The reforms outlined in this information note primarily concern reforms that are of relevance to small businesses, rather than medium sized enterprises, which are treated consistently with...

Briefing paper

7 May 2018

The scope of this paper is limited to small business credit in the form of loans, both secured and unsecured. It does not consider other banking facilities, financial products or financial services. It is intended to provide an overview of the relevant issues, and does...

Briefing paper

27 Apr 2018

This paper responds to a request from the Royal Commission for background on the capital prudential framework applying to the banking industry, with particular regard to the current and proposed treatment of residential mortgage lending and lending for small and medium-sized enterprises.

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.

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....

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.