Financial Services Legislation: Interim Report B (ALRC Report 139)

The Australian Law Reform Commission report, Financial Services Legislation: Interim Report B (Report 139, 2022), was tabled in Parliament by the Attorney-General of Australia, the Hon Mark Dreyfus KC MP on 30 September 2022.

Interim Report B contains recommendations, proposals, and questions in relation to the reform of corporations and financial services legislation. The recommendations in Interim Report B relate to technical improvements that would simplify corporations and financial services legislation. The recommendations are in a form that may be implemented prior to the conclusion of the Inquiry, if accepted by the Australian Government.

In respect of the proposals and questions, the ALRC is seeking written submissions from stakeholders. Submissions, together with further consultations, surveys, workshops, and seminars, will form part of the evidence base for a further Interim Report and the Final Report. 

Submissions close 30 November 2022.

Download the Summary Report.

Download Interim Report B.

Hard copy versions of the report are also available to purchase

Prototype Legislation B

The ALRC has developed prototype legislation to illustrate the proposed legislative model for financial services regulation put forward in Interim Report B. In particular, Prototype Legislation B illustrates how Proposals B1–B9 and B15 discussed in Interim Report B could be implemented.

View Prototype Legislation B >>

Download additional resources referred to in Interim Report B:

Further resources are available as part of the ALRC’s data analysis for the Review of the Legislative Framework for Corporations and Financial Services Regulation.

Read the summary article: 

Re-designing our House of Law: Legislative hierarchy and design in financial services law