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Banking and finance

The Treasury promotes competitive, efficient markets that work for the good of consumers and investors, a secure financial system and sound corporate practices, and foreign investment consistent with Australia's national interests. This includes regulatory reforms to improve the resilience of the financial system, innovation and consumer outcomes and participation in regional and international forums, such as G20 summits.

Consultations

  •  - Open6 days left to have your say

    In the 2017-18 Budget, the Government announced that it will legislate to introduce a new Banking Executive Accountability Regime (BEAR). This consultation seeks stakeholder views on the exposure draft of the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017, which provides further clarity on the accountability obligations of banks and their directors […]

  •  - Open11 days left to have your sayConsultation Paper

    ASIC has the power to ban individuals from providing financial services in certain circumstances, for example, where the individual has breached a financial services law, has been convicted of fraud, is not of ‘good fame or character’, or is not adequately trained or competent to provide financial services. The Taskforce positions on reform seek to […]

  •  - ClosedConsultation Paper

    The impact on the lives of those affected by poor practices, as brought to light in media reports and in Parliamentary and other inquiries, has resulted in the Australian financial sector coming under intense public and regulatory scrutiny in recent times and in the impairment of consumer confidence in the sector. In this context it […]

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