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05 Sep 2019 Consultations

Mortgage broker best interests duty and remuneration reforms 

In response to recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Government announced it would introduce a best interests duty for mortgage brokers and reform mortgage broker remuneration. This consultation seeks stakeholder views on the exposure draft Bill, exposure draft Regulations and draft explanatory material that implements these reforms. 

You can submit responses to this consultation up until 4 October 2019. Find out more here

Financial Institutions Supervisory Levy Methodology 

The Financial Institutions Supervisory Levy Methodology paper seeks submissions on the design and operation of the Financial Institutions Supervisory Levy. The focus of the consultation paper is on the methodology that is applied in calculating the levies. This paper is separate to the annual ‘Proposed Financial Institutions Supervisory Levies’ paper released each year. 

You can submit responses to this consultation up until 13 September 2019. Find out more here.

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