Inquiry into proposals to lift the professional, ethical and education standards in the financial services industry

19 December 2014

© Commonwealth of Australia 2014
ISBN 978-1-76010-134-3

View the report as a single document - (PDF 2360KB)

View the report as separate downloadable parts:

Members of the committee (PDF 26KB)
Overview of the committee's recommended approach (PDF 549KB)
Recommendations (PDF 153KB)
Abbreviations (PDF 76KB)
Chapter 1 - Introduction (PDF 218KB)

Duties of the committee
Referral of the inquiry and terms of reference
Conduct of the inquiry
Report Structure
Lifting adviser qualifications as part of a system to improve advice

Chapter 2 - Financial product advice and financial advisers (PDF 286KB)

General advice
Financial advisers, financial planners and a register of financial advisers

Chapter 3 - Qualifications and competence (PDF 352KB)

Current regulatory requirements
Proposals to lift standards of training
Assessment of competence
Continuing professional development (CPD)
Finance Professionals' Education Council

Chapter 4 - Professional and ethical standards (PDF 572KB)

Ethical conduct and codes of ethics
Implications of adopting codes of ethics
Recognition of professional associations
Implementation of measures to raise professional, ethical and education standards in the financial advice industry

Appendix 1 - Submissions Received (PDF 18KB)
Appendix 2 - Public hearings and witnesses (PDF 10KB)
Appendix 3 - Professions Australia's code of ethics[1] (PDF 21KB)

Committee Secretariat contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3583
Fax: +61 2 6277 5719