Financial System Inquiry Final Report

This consultation process has now been completed. Submissions available
Date
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On 7 December 2014, the Government released the final report of the Financial System Inquiry.

The report makes 44 recommendations to serve as a blueprint for the financial system over the next decade. The recommendations focus on two general themes: funding Australia’s economy and boosting competition; and five specific areas: resilience; superannuation and retirement incomes; innovation; consumer outcomes and the regulatory system.

The Government is consulting on the Inquiry’s recommendations before making any decisions, and is calling for written submissions from all stakeholders, including industry and members of the public.

A number of the Inquiry’s recommendations are the responsibility of the financial regulators – APRA, ASIC and the RBA. While each regulator will consider the recommendations that relate to their legislative mandate the Government would welcome submissions on these recommendations.

The Inquiry has made a number of observations on tax issues. These will be considered under the Tax White Paper process and submissions on tax issues should be directed to that process, with details to be announced shortly.

Submissions

244 submissions were received for this consultation, including 28 confidential submissions.

Actuaries Institute - pdf 51.13 KB
Ager, Mr Stuart - pdf 98.41 KB
Ager, Mr Stuart - rtf 33.29 KB
Allen, Mr David - pdf 593.37 KB
Allen, Mr David - rtf 293.44 KB
Allens - pdf 972.67 KB
AMP - pdf 271.56 KB
AMP - rtf 622.24 KB
ANZ - pdf 611.35 KB
ARITA - pdf 267.08 KB
ARITA - rtf 1.46 MB
Arthur, Mr Phillip - pdf 1.11 MB
ASX - pdf 719.59 KB
AustralianSuper - pdf 441.67 KB
AVCAL - pdf 220.45 KB
Batt, Mr Gordon - pdf 188.73 KB
Batt, Mr Gordon - rtf 221.08 KB
Bivell, Mr Victor - pdf 128.39 KB
Bivell, Mr Victor - rtf 72.01 KB
Bowhill, Mr Stephen - rtf 34.05 KB
Bowhill, Mr Stephen - pdf 96.84 KB
BPAY - pdf 71.34 KB
Brazier, Mr Matt - pdf 94.56 KB
Brazier, Mr Matt - rtf 3.3 MB
Cahill, Mr Anthony - pdf 44.5 KB
Cahill, Mr Anthony - rtf 178.27 KB
Cavendish - pdf 63.18 KB
Cbus Super - pdf 207.32 KB
Challenger - pdf 2.25 MB
Challenger and Mercer - pdf 266.14 KB
Chambers, Mr Brian - rtf 70.29 KB
Chambers, Mr Brian - pdf 8.08 KB
Chant West - pdf 233.95 KB
Chi-X Australia - pdf 444.74 KB
Chi-X Australia - rtf 5.66 MB
CHOICE - pdf 5.54 MB
Clanchy, Mr Michael - pdf 93.3 KB
Clanchy, Mr Michael - rtf 31.72 KB
ClearView - pdf 1.47 MB
ClubPlus Super - pdf 945.49 KB
Cook, Ms Dianne - pdf 89.32 KB
Cook, Ms Dianne - rtf 31.41 KB
Corrie, Mr Peter - pdf 199.52 KB
Corrie, Mr Peter - rtf 91.87 KB
CPA Australia - pdf 409.35 KB
Cresswell, Mr Ralph - rtf 69.49 KB
Cresswell, Mr Ralph - pdf 91.47 KB
CSR Limited - pdf 319.08 KB
Daly, Mr Jim - pdf 15.92 KB
Daly, Mr Jim - rtf 38.3 KB
DibbsBarker - pdf 116.73 KB
Dumas, Mr Rudolphe - pdf 125.96 KB
Dumas, Mr Rudolphe - rtf 2.81 MB
eftpos - pdf 258.41 KB
Equip - pdf 739.53 KB
Genworth - pdf 242.98 KB
GoodSuper - pdf 163.57 KB
GoodSuper - rtf 402.51 KB
Halcrow Bros - pdf 96.06 KB
Halcrow Bros - rtf 32 KB
Howarth, Mr James - pdf 85.01 KB
Howarth, Mr James - rtf 74.04 KB
IAG - pdf 795.46 KB
Impact Investment Group - pdf 527.52 KB
Income is the Goal - pdf 240 KB
Income is the Goal - rtf 7.25 MB
Innovation Australia - pdf 316.84 KB
Jenner, Mr Phillip - pdf 177.31 KB
Jenner, Mr Phillip - rtf 89.06 KB
King and Wood Mallesons - pdf 627.31 KB
KPMG - pdf 230.98 KB
Law Council of Australia - pdf 374.45 KB
Leahy, Mr Louis - rtf 32.7 KB
Leahy, Mr Louis - pdf 90.56 KB
Lock, Ms Diane - pdf 217.97 KB
Lock, Ms Diane - rtf 96.61 KB
Macquarie Group - pdf 546.82 KB
Mair, Mr Peter - pdf 225.86 KB
Mair, Mr Peter - rtf 124.33 KB
MasterCard - pdf 8.47 MB
McFarlane, Mr Ian - rtf 32.3 KB
McFarlane, Mr Ian - pdf 93.14 KB
McNamee, Mr Peter - pdf 89.44 KB
McNamee, Mr Peter - rtf 103.36 KB
Melbourne SMSF Group - pdf 191.17 KB
Melbourne SMSF Group - rtf 174.09 KB
Mercer - pdf 401.05 KB
Mercer - rtf 1.43 MB
MFAA and CAFBA - pdf 181 KB
MFAA and CAFBA - rtf 5.02 MB
Moore, Mr Chris - pdf 680.44 KB
Moore, Mr Chris - rtf 2.73 MB
NAB - pdf 11.74 MB
Name Withheld 1 - pdf 2.35 MB
Name Withheld 2 - pdf 95.22 KB
Name Withheld 2 - rtf 32.25 KB
Name Withheld 3 - rtf 73.85 KB
Name Withheld 3 - pdf 8.22 KB
Name Withheld 4 - pdf 96.86 KB
Narrow Road Capital - pdf 542.81 KB
Narrow Road Capital - rtf 417.36 KB
Nimble - pdf 408.47 KB
Omniwealth - pdf 333.85 KB
On-Market BookBuilds - pdf 506.31 KB
PayPal Australia - pdf 769.76 KB
Philanthropy Australia - pdf 432.67 KB
Qantas - pdf 493.71 KB
QBE - pdf 319.45 KB
QSuper - pdf 738.1 KB
QSuper - rtf 2.04 MB
Rafferty, Mr Rowan - pdf 307.1 KB
Rafferty, Mr Rowan - rtf 88.44 KB
RateSetter Australia - pdf 549.69 KB
RateSetter Australia - rtf 357.2 KB
REST Super - pdf 938.46 KB
REST Super - rtf 8.26 MB
SISFA - pdf 100.47 KB
Slonim, Mr Neil - pdf 228.82 KB
Slonim, Mr Neil - rtf 3.83 MB
Smith, Mr Kingsley - pdf 467.63 KB
Smith, Mr Luke - pdf 65.95 KB
Smith, Mr Luke - rtf 60.45 KB
SMSF Association - pdf 530.24 KB
Solutions4Strategy - pdf 914.11 KB
Suncorp Bank - pdf 283.75 KB
Suncorp Group - pdf 78.15 KB
Swan, Mr Paul - pdf 58.27 KB
Swan, Mr Paul - rtf 34.49 KB
TAG Financial Services - pdf 95.35 KB
TAL - pdf 610.66 KB
Taxpayers Australia - pdf 425.89 KB
Taxpayers Australia - rtf 6.83 MB
Telstra - pdf 57.7 KB
Telstra Super - pdf 199.66 KB
Timmons, Mr Bryan - pdf 80.68 KB
Timmons, Mr Bryan - rtf 37.32 KB
Trounce, Mr Peter - pdf 3.37 MB
TWU Super - pdf 2.67 MB
UniSuper - pdf 709.76 KB
Visa - pdf 523.08 KB
Watt, Ms Catherine - pdf 124.56 KB
Westpac - pdf 832.27 KB
Women in Super - pdf 321.51 KB
Women in Super - rtf 428.83 KB