At the dissolution of the Senate and the House of Representatives on 9 May 2016 for a general election on 2 July 2016, the parliamentary committees of the 44th Parliament ceased to exist. Therefore inquiries that were not completed have lapsed and submissions cannot be received. However, information about the inquiries is still available on this website.
On 13 September 2016, the Senate agreed to the committee's recommendation that this inquiry be re-adopted in the 45th Parliament. Information about the re-adopted inquiry is available here.
This is an archived webpage that is no longer updated.
On 25 November 2015, the Senate referred an inquiry into the inconsistencies and inadequacies of current criminal, civil and administrative penalties for corporate and financial misconduct or white-collar crime to the Senate Economics References Committee for inquiry and report by 27 July 2016.
Submissions closed on 30 March 2016.
Please note that this inquiry is focusing on the inconsistencies and inadequacies of current criminal, civil and administrative penalties for corporate and financial misconduct or white-collar crime, with particular reference to, among other things, evidentiary standards, the use and duration of custodial sentences and the use and duration of banning orders.
Submitters should note that the committee is not in a position to resolve individual disputes or settle complaints about financial services provided. Please note that all documents sent to the inquiry become committee documents on receipt, and are only made public following a decision of the committee. The committee may decide not to accept or not to publish material not relevant to the inquiry’s terms of reference or which reflects adversely on others. If you have any questions about your submission please contact the committee secretariat.
Because of the nature of this inquiry, allegations of misconduct related to the provision of financial services or related matters may have been made against certain named individuals or organisations. The committee may decide to publish material that contains adverse comments.
The committee wishes to inform people that they have the right to respond to any such adverse reflections made against them in written submissions. If you would like to take the opportunity to respond to adverse comments made about you in written submissions, please contact the committee secretariat or you may write directly to the secretariat at the address below. You should confine your comments to the adverse comments made about you.