In March 2022 Terms of Reference were announced for the Quality of Advice Review, to be conducted by Ms Michelle Levy and a secretariat from the Department of the Treasury (Cth). The review will consider reforms aimed at ensuring Australians have access to high quality, affordable and accessible financial advice. A final report will be …Read more
Feedback on Interim Report A of the Financial Services Legislation Inquiry.
The ALRC has received 56 submissions from a range of stakeholders in response to the 24 proposals and questions outlined in Interim Report A of the Financial Services Legislation Inquiry. Join us for a discussion of what we’ve heard and how the feedback received will shape the ALRC’s approach to the simplification of financial services and corporations laws.
Join the ALRC as it hosts a panel of international experts from the UK, New Zealand, and Hong Kong to discuss regulatory design and the hierarchy of laws.Read more
Shifting sands in the regulation of financial risk: the ALRC’s new Background Paper on Risk and Reform in Australian Financial Services Law
In a new Background Paper — Risk and Reform in Australian Financial Services Law (FSL5) — the Australian Law Reform Commission explores how an evolution in thinking about risk has been an important driver of financial services law reform. In particular, the Paper reveals how the ‘shifting sands’ of regulatory approaches have resulted in legislation that is unwieldy and extraordinarily complex.Read more
In 2022, the ALRC is undertaking a number of projects to identify aspects of complexity in corporations and financial services legislation. These projects will provide legislators with a reform menu and allow complexity to be appropriately managed over time.Read more
On Thursday 10 February 2022, the Australian Law Reform Commission hosted a webinar to delve deeper into key proposals and questions from Interim Report A of the ALRC’s ongoing Financial Services Legislation Inquiry. The webinar offered perspectives on three key questions: Why should we seek to reduce the complexity of corporations and financial services legislation? …Read more
On Thursday 27 January 2022, the Australian Law Reform Commission, in partnership with Melbourne Law School, hosted a webinar to review the Twin Peaks model of financial regulation and to launch the book: The Cambridge Handbook of Twin Peaks Financial Regulation (Cambridge University Press, 2021). Professor Rosemary Langford, on behalf of the Centre for Corporate …Read more
27 January 2022, 6pm-7.30pm
As the Australian Law Reform Commission (ALRC) pursues its inquiry into the legislative framework for corporations and financial services regulation, it is timely to review the Twin Peaks model of financial regulation and its impact on the broader regulatory landscape. Please join us for the webinar ‘(Re)viewing Twin Peaks in Australia and Abroad’.