Quality of Advice Review - Draft Terms of Reference

This consultation process has now been completed. Submissions available
Consultation Type
Terms of Reference

Key Documents

The Government is committed to ensuring that Australians have access to high quality, affordable and accessible financial advice. Consistent with recommendations 2.3, 2.5 and 2.6 of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission), the Government has released for feedback and stakeholder views draft Terms of Reference for the ‘Advice Review’.

The Advice Review will consider whether measures that have been implemented by government, regulators and financial services entities have improved the quality of financial advice, whether further reforms or other changes are needed, and whether any measures or obligations are redundant or can be streamlined. The review will also consider how to ensure the regulatory settings support Australians getting access to affordable financial advice.

Submissions should focus on the draft Terms of Reference. There will be opportunities to comment on substantive policy issues once the review is underway.


57 submissions were received for this consultation, including 11 confidential submissions.

Actuaries Institute - pdf 45.98 KB
AMP - pdf 123.24 KB
Anonymous - pdf 165.1 KB
AUB Group - pdf 251.81 KB
Bell, David - pdf 143.01 KB
Brown, Robert - pdf 121.04 KB
Bull, Leanne - pdf 453.27 KB
Centrepoint Alliance - pdf 140.36 KB
ClearView - pdf 5.34 MB
CPA Australia - pdf 656.66 KB
French, Adam - pdf 158.86 KB
Grain Trade Australia - pdf 229.47 KB
Hanna, Dianne - pdf 140.31 KB
Ignition Advice - pdf 1.99 MB
Industry Super Australia - pdf 130.66 KB
Melling, Steve - pdf 278.36 KB
Moran, Paul - pdf 186.17 KB
Plater, Claire Wivell - pdf 167.1 KB
Roar Software - pdf 158.63 KB
Satill, Ian - pdf 114.49 KB
SMART Compliance - pdf 899.1 KB
SMSF Association - pdf 271.85 KB
SuperEd - pdf 210.38 KB
Synchron - pdf 234.77 KB
Thesan Asset Management - pdf 219.83 KB
Trowbridge, John - pdf 169.96 KB
Versloot, Julian - pdf 277.46 KB
Warren, Geoff - pdf 386.49 KB
Willis, Kurt - pdf 177.25 KB