Competition in the Australian Financial System
The Australian Government has asked the Productivity Commission to undertake a 12-month Inquiry into competition in Australia's financial system.
- Consultation paper 6 July 2017
- Draft report early 2018
- Final report Jul 2018
The consultation paper outlines the broad scope of the inquiry and is intended to assist you in preparing a submission.
Initial submissions are due by Friday 15 September 2017.
The Commission will seek further information and feedback following release of a draft report.
The final inquiry report is expected to be handed to the Australian Government by 1 July 2018.
The release of the final report by the Government is the final step in the process.
Under the Productivity Commission Act 1998, the Government is required to table the report in each House of the Parliament within 25 sitting days of receipt.
The Commission is to review competition in Australia's financial system with a view to improving consumer outcomes, the productivity and international competitiveness of the financial system and economy more broadly, and supporting ongoing financial system innovation, while balancing financial stability objectives.
We may be conducting early on-record consultations for the Inquiry.
More detailed information can be found in the terms of reference.
Ph: 02 6240 3308
Free call: 1800 020 083