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Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

05/02/2019

Source: The Banking Royal Commission

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has now concluded. The Commissioner, the Honourable Kenneth Madison Hayne AC QC, submitted his final report to the Governor-General on 1 February 2019. The final report was tabled in Parliament on 4 February 2019 and is available on the Reports page.

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has now concluded.

The Commissioner, the Honourable Kenneth Madison Hayne AC QC, submitted his final report to the Governor-General on 1 February 2019. The final report was tabled in Parliament on 4 February 2019 and is available on the Reports page.

Any enquiries relating to the Royal Commission should be directed to the Attorney-General's Department at royalcommissionenquiries@ag.gov.au.

The Commission was established on 14 December 2017 by the Governor-General of the Commonwealth of Australia, His Excellency General the Sir Peter Cosgrove AK MC (Retd).

The Governor-General issued Letters Patent which formally appoint the Royal Commissioner and outline the Terms of Reference for this inquiry.

The Commission is required to conduct an inquiry. It cannot resolve individual disputes. It cannot fix or award compensation or make orders requiring a party to a dispute to take or not take any action.

Public submissions - Fast facts

Submissions received

Top 3 – submissions by industry

Main nature of dealings

10,323

Banking 61%
Superannuation 12%
Financial advice 9%Personal financial
Superannuation
Small business finance

Full Reports can be found at: https://financialservices.royalcommission.gov.au/Pages/reports.aspx