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.

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.

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 do better in delivering the protection they promise, whilst remaining...

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.

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.