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.
Under the Corporations Act 2001, operators of financial markets must have an eligible compensation scheme to protect investors. The National Guarantee Fund (NGF) is a compensation scheme that applies…
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry recommended that the grandfathering arrangements for conflicted remuneration in relation to…
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry recommended that certain provisions of financial sector codes should be ‘enforceable code…