Financial Accountability Regime Bill 2022 [Provisions] and Financial Sector Reform Bill 2022 [Provisions] and Financial Services Compensation Scheme of Last Resort Levy Bill 2022 [Provisions] and Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2022 [Provisions]

October 2022

© Commonwealth of Australia 2022
ISBN: 978-1-76093-426-2

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Members

Acronyms and abbreviations

Chapter 1—Introduction

  Referral of the inquiry
  Purpose of the bills
  Background
  Previous inquiries
  Provisions of the bill
  Commencement
  Financial impact
  Legislative Scrutiny
  Human rights implications
  Regulatory impact
   Conduct of the inquiry
  Acknowledgements

Chapter 2—Views on the bills

  Introduction
  Financial Accountability Regime
  Compensation Scheme of Last Resort
  Consumer credit reforms
  Stakeholder engagement
  Committee view

Additional Comments from Coalition Senators

  Background
  Moral Hazard
  Ministerial intervention
  Existing legal obligations
  The lack of oversight and conflicts of interest
  Small Amount Credit Contract Reforms

Additional Comments - All Carrot, No Stick : The Australian Greens

Appendix 1—Submissions and additional information

Appendix 2—Public Hearing

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
economics.sen@aph.gov.au