Banking Executive Accountability Regime – Draft Legislation

This consultation process has now been completed. Submissions available

Key Documents

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 and senior executives, and enhanced consequences for being in breach of these obligations.


26 submissions were received for this consultation.

Allens - pdf 453.88 KB
ANZ - pdf 193.57 KB
Ashurst - pdf 129.71 KB
Australian Unity - pdf 97.93 KB
Bank of Queensland - pdf 396.12 KB
Clifford Chance - pdf 296.91 KB
Guerdon Associates - pdf 713.05 KB
Herbert Smith Freehills - pdf 597.13 KB
Lyons, Mark - pdf 207.27 KB
Parkin, Gregory F - docx 30.42 KB
PayPal - pdf 372.24 KB
Promulgate Pty Ltd - docx 29.1 KB
Suncorp - pdf 2.13 MB
Swinburne Law School - pdf 467.6 KB
Westpac - pdf 340.68 KB