Report - Part 1

Scrutiny of Financial Advice

Part I – Land banking: a ticking time bomb

24 February 2016

© Commonwealth of Australia 2016
ISBN 978-1-76010-373-6

View the report as a single document - (PDF 983KB)
Media Release - Wednesday, 24 February 2016 - (PDF 47KB)

View the report as separate downloadable parts:

Senate Economics References Committee (PDF 21KB)
Abbreviations (PDF 9KB)
Executive Summary (PDF 36KB)
Chapter 1 (PDF 47KB)

Terms of reference
Inquiry into land banking
Background to inquiry
Scope and structure of report

Chapter 2 (PDF 192KB)

Land banking
Timeframe for development approval and construction

Chapter 3 - Promotion of land banking schemes (PDF 186KB)

Property spruikers
Investment seminars and retail clients

Chapter 4 - Legitimacy by association (PDF 124KB)

Involvement of reputable third parties

Chapter 5 - Referrals and independent advice (PDF 43KB)

One stop shop: 'independent' legal and financial advice

Chapter 6 - Recourse (PDF 76KB)

When land banking schemes do not deliver as promised
Making a complaint
Financial loss for investors
Loss of trust in the financial system and property development sector

Chapter 7 - Managed investment schemes and self-managed superannuation funds (PDF 74KB)

Managed investment schemes
Self-managed superannuation funds (SMSF) 

Chapter 8 - Reforms (PDF 187KB)

Investing in property and consumer protection
Developments in Australia's consumer law
Early intervention
Strengthening reforms
Financial literacy

Appendix 1 - Submissions received (PDF 17KB)
Appendix 2 - Additional Information (PDF 9KB)

Answers to questions on notice

Appendix 3 - Public hearings and witnesses (PDF 13KB)

Committee Secretariat contact:

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

Phone: +61 2 6277 3540