Economics Committee to scrutinise financial advice sector 30 June 2020

Published:

The House of Representatives Standing Committee on Economics will scrutinise the financial advice sector at a hearing by videoconference on 30 June 2020, as part of its ongoing review of the four major banks and other financial institutions.
 
The Chair of the committee, Mr Tim Wilson MP, said 'these hearings are an important mechanism for the Parliament to publicly scrutinise and hold Australia's financial advice sector to account'.

'Many Australians turn to financial advisers and mortgage brokers to help them navigate important financial decisions, such as finding the right mortgage or determining how to best invest in and secure their retirement. It is essential that Australians can trust that financial advisers and mortgage brokers are always acting in their client's best interests, rather than the interests of the adviser or any third parties.'

'Given the widespread misconduct in the financial advice sector identified by the Hayne Royal Commission, it is important that financial advisers, mortgage brokers, and those in the industry are held accountable to ensure that they are making the crucial improvements needed to restore trust in the sector.'
 
Public hearing details
 

Date: Tuesday, 30 June 2020
Time: 9.00am to 5.00pm
VIDEOCONFERENCE

9.00am

 

10.00am

 

11.00am

11.15am

12.00pm

1.00pm

1.45pm

2.30pm

3.15pm

3.30pm

4.15pm

5.00pm

Association of Financial Advisers

Financial Planning Association of Australia

Mortgage and Finance Association of Australia

Finance Brokers Association of Australia

Break

Finance Adviser Standards and Ethics Authority

AMP

Lunch

IOOF

Industry Fund Services

Break

Australian Finance Group

Stockbrokers and Financial Advisers Association

Close

 
The hearings will be broadcast live at aph.gov.au/live.
 
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Australian Government :
Canberra ACT 2600, Australia Wide
02 6277 7111
Australian Government
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