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Competition in the Australian Financial System

Public inquiry

The Australian Government has asked the Productivity Commission to undertake a 12-month Inquiry into competition in Australia's financial system.

The Inquiry will commence on 1 July 2017.

The Commission will call for submissions once it formally commences work on the Inquiry. Until then, interested parties can register their details to be kept informed about the commencement and progress of this Inquiry.

  • Consultation paper To be advised
  • Draft report To be advised
  • Final report Jul 2018

The consultation paper covers a range of issues on which the Commission will seek information and feedback, and is intended to assist you in preparing a submission.

More dates and information will be posted here shortly.

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.

Contacts

Rosalyn Bell
Ph: 02 6240 3308

Email: financial.system@pc.gov.au

Free call: 1800 020 083

Register your interest

Be kept informed about the progress of this work.

Register online

Commissioners

Stephen King
Commissioner
Julie Abramson
Commissioner