Referral
Conduct of the inquiry
Background to the bill
Purpose of the bill
Structure of this report
Acknowledgements

Australia's financial services industry
Conclusion

Section 961B—provider must act in the best interests of the client
Opposition to changes to best interests obligations
Support for changes to best interests obligations
Conclusion

Current provisions and proposed changes
Opposition to changes to the provision of scaled advice
Support for changes to the provision of scaled advice
Conclusion

Basic banking and general insurance
Opposition to changes to modified best interests obligations
Support for changes to modified best interests obligations
Conclusion

Conflicted remuneration
General advice exemption
Opposition to broadening exemptions from the ban on conflicted remuneration
Support for broadening exemptions from the ban on conflicted remuneration
Conclusion

Remove the opt-in requirement
Opposition to removing opt-in requirement
Support for removing opt-in requirement
Fee disclosure for new clients only
Opposition to changes to fee disclosure arrangements
Support for changes to fee disclosure arrangements
Conclusion

Introduction
The process
Best Interests Duty
Scaled Advice
Conflicted Remuneration
Opt-in and annual disclosure requirements
Conclusion