Parliament resumes: Bills update and banking review

The Commonwealth Parliament resumes on 7 February 2017.

A draft Senate legislative programme for the first week has been released whichs shows that the Bills expected to be considered include:

UPDATE 9 February 2017: Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 and Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016 have passed both Houses.

Major Banks review

The House of Representatives Standing Committee on Economics has announced it will conduct further public hearings with Australia’s four major banks in March as part of its review of the performance of Australia’s banking and financial system.

In particular it will ask bank representatives how individual banks and the banking industry as a whole are responding to issues previously raised in Parliamentary and other inquiries, including through the Australian Bankers’ Association’s April 2016 six point plan to enhance consumer protections and in response to Government reforms and actions by regulators.

Background: First Report.

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