Report

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

22 September 2014

© Commonwealth of Australia 2014
ISBN 978-1-76010-093-3

View the report as a single document - (PDF 537KB)

View the report as separate downloadable parts:

Membership of Committee (PDF 211KB)
 
Chapter 1 - Introduction (PDF 107KB)

Purpose of the bill
Recommendations of the previous committee report
Changes to the bill since the first report
Scope and conduct of this inquiry
Acknowledgements
 
Chapter 2 - Views on the bill (PDF 136KB)

Views on changes to the general advice exemption
Views on changes relating to Statements of Advice
Views on changes to the fee disclosure statement timeframe
Committee view
 
Dissenting Report by Labor Senators (PDF 81KB)
 
Dissenting Report by Australian Greens (PDF 12KB)
 
APPENDIX - Submissions received (PDF 18KB)

For further information, contact:

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

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Email: economics.sen@aph.gov.au

Committee Secretariat contact:

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

Phone: +61 2 6277 3540
economics.sen@aph.gov.au

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.