Footnotes

 Inquiry into the provisions of the Corporations Amendment (Financial Advice) Bill 2014

[1]        Selection of Bills Committee, Report No 2 of 2015, 5 March 2015, [p. 3]; Journals of the Senate, 2013–15, no. 82 (5 March 2015), p. 2257.     

[2]        Senate Hansard, 2 September 2014, pp. 6201–6203.

[3]        Appendix 3, Selection of Bills Committee, Report No 2 of 2015, 5 March 2015.

[4]        Corporations Act 2001 (Corporations Act), subsection 766B(2).

[5]        Corporations Act, subsection 766B(3).

[6]        ASIC, Regulatory Guide 175, Licensing: Financial product advisers – conduct and disclosure, October 2013, paragraph RG 175.45.

[7]        ASIC, Regulatory Guide 244, Giving information, general advice and scaled advice, December 2012, p. 53.

[8]        Corporations Act, subsection 766B(4).

[9]        ASIC, Regulatory Guide 175, Licensing: Financial product advisers – conduct and disclosure, October 2013, p. 98.

[10]      ASIC, Regulatory Guide 244, Giving information, general advice and scaled advice, December 2012, paragraph RG 244.43.

[11]      Corporations Act, section 949A.

[12]      ASIC, Regulatory Guide 36, Licensing: Financial product advice and dealing, August 2013, paragraph RG 36.23.

[13]      ASIC, Regulatory Guide 36, Licensing: Financial product advice and dealing, August 2013, pp. 8‑9.

[14]      ASIC, Regulatory Guide 244, Giving information, general advice and scaled advice, December 2012, paragraph RG 244.33.

[15]      ASIC, Regulatory Guide 244, Giving information, general advice and scaled advice, December 2012, paragraph RG 244.29.

[16]      ASIC, Regulatory Guide 36, Licensing: Financial product advice and dealing, August 2013, p. 9.

[17]      See Replacement Explanatory Memorandum, Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011, General Outline, p.3.

[18]      The Hon. Bill Shorten, MP, Minister for Financial Services and Superannuation, 'Smoother transition for financial advice reforms', Media release 013, 14 March 2012. 

[19]      Explanatory Memorandum, p. 2.

[20]      Explanatory Memorandum, p. 2.

[21]      Explanatory Memorandum, p. 3.

[22]      Senate Standing Committee for the Scrutiny of Bills, Alert Digest No. 12 of 2014, 24 September 2014, p. 2.

[23]      Committee Hansard, 22 May 2014, p. 19.

[24]      Committee Hansard, 22 May 2014, p. 17.

[25]      Senate Economics Legislation Committee, Corporations Amendment (Streamlining of Future of Financial Advice Bill 2014 [Provisions], June 2014, p. 77.

[26]      Australian Government, Financial System Inquiry, Interim Report, July 2014, p. 3-74.

[27]      Australian Government, Financial System Inquiry, Interim Report, July 2014, p. 3-73.

[28]      Australian Bankers' Association, Response to Interim Report, Submission to the Financial System Inquiry, August 2014, p. 58, http://fsi.gov.au/files/2014/08/Australian_Bankers_Association_2.pdf (accessed 10 July 2015).

[29]      Westpac, Second Submission to the Financial System Inquiry, Submission to the Financial System Inquiry, August 2014, p. 104, http://fsi.gov.au/files/2014/08/Westpac.pdf (accessed 10 July 2015).

[30]      Commonwealth Bank, Wellbeing, Resilience and Prosperity for Australia: Financial System Inquiry Final Submission, Submission to the Financial System Inquiry, August 2014, p. 30, http://fsi.gov.au/files/2014/08/Commonwealth_Bank.pdf (accessed 10 July 2015).

[31]      Australian Government, Financial System Inquiry, Interim Report, July 2014, pp. 3-73 - 3-74.

[32]      Australian Government, Financial System Inquiry, Final Report, November 2014, p. 271.

[33]      Australian Government, Financial System Inquiry, Final Report, November 2014, Recommendation 40, pp. 271–272.