Financial Services Royal Commission updated timetable

The Financial Services Royal Commission has announced its timetable for the remainder of its hearings, the publication of its interim report and the publication of its final report.

Interim report
The Commissioner intends to submit an interim report by 30 September 2018.

His final report will be submitted by 1 February 2019.

The interim report is expected to identify a number of policy-related issues arising from the Commission’s public hearings to date, which have considered the following topics:
Round 1 – Consumer lending;
Round 2 – Financial advice;
Round 3 – Loans to small and medium enterprises;
Round 4 – Experiences with financial services entities in regional and remote communities.

The public will be invited to make submissions on policy issues raised in the interim report.

The due date for submissions in response to the interim report will be four weeks after the interim report is tabled in Parliament. The Commission will formally announce the due date for submissions once the interim report is tabled.

The complete list of policy-related issues will be made available following the presentation of the report to the Governor-General and tabling in Parliament.

Next hearing rounds

The interim report will not cover topics arising in the following rounds:
Round 5 – Superannuation (6 August – 17 August 2018 in Melbourne)
Round 6 – Insurance, including disaster insurance (10 September – 21 September 2018 in Melbourne)

At the conclusion of each of those hearing rounds, policy-related issues will be identified and public submissions will be invited. Those interested will have four weeks to make a submission.

A further hearing round to consider the policy questions will be held from 19 November to 30 November 2018 before the Commissioner prepares his final report.

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