About this inquiry

This bill implements the Government’s election commitment to reduce compliance costs imposed on the financial services industry by amending Part 7.7A of the Corporations Act.
Part 7.7A is also referred to as Future of Financial Advice (FOFA).
The Senate Economics Legislation Committee reported on a previous iteration of the bill on 16 June 2014.

Inquiry Status

Report Tabled


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Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014

On 4 September 2014, the Senate referred the Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014 to the Senate Economics Legislation Committee for inquiry and report by 30 September 2014. The Committee intends to table its report on 22 September 2014.

Submissions closed on 15 September 2014.

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719