The Financial Services section of this website has been divided into the separate stages of financial reform.
Legislation relating to financial services can be found on this website under Bills, Acts and Legislation.
|Results 1 to 2 of 2|
|11-09-2011||Australian Government's 2008 Deposit and Wholesale Funding Guarantees|
|04-03-2011||Natural Disaster Insurance Review|
Financial Sector Advisory Council (FSAC)
The Financial Sector Advisory Council (FSAC) is a non-statutory body established in March 1998 as a result of the Financial System Inquiry (Wallis reforms). It brings together a range of financial market participants to provide advice to the Government on policies to facilitate the growth of a strong and competitive financial sector. The Council helps to ensure that we maintain an efficient and dynamic financial system.
Members of FSAC are appointed in their personal capacity for two years, subject to continued involvement in the relevant area of the financial sector. FSAC currently meets around six times each year.
FSAC is supported by a secretariat provided by Treasury.
FSAC can be contacted by writing to the following address:
The FSAC Secretariat
C/- Financial System Division
PARKES ACT 2600
The full FSAC Charter is now available.
FSAC released the report Review of the Outcomes of the Financial System Inquiry 1997 in August 2004.
Financial Services Reform
Financial System Inquiry
The Financial System Inquiry website is now available at http://fsi.treasury.gov.au
Government's Response to the Financial System Inquiry
The Government's response to the Financial System Inquiry came in two stages.
Stage I introduced a comprehensive package of regulatory reforms for the financial sector which included the introduction of new legislation.
Stage II's main objective was to facilitate the transfer of State- and Territory-regulated financial institutions (such as building societies, credit unions and friendly societies) to the Commonwealth regulatory regime. This change was to encourage competition between the non-bank deposit taking institutions and the banks.
HIH Claims Support
|Results 1 to 3 of 3|
|27-05-2004||Study of Financial System Guarantees (Davis Report)|
|27-05-2004||Key Findings of the Review of Discretionary Mutual Funds and Direct Offshore Foreign Insurers|
|11-08-2003||Closure of the HIH Claims Support Scheme|
Review of the Managed Investments Act 1998
The Review of the Managed Investments Act website is http://miareview.treasury.gov.au.
The Review of the Managed Investments Act 1998 was established to review the effectiveness of the arrangements for the regulation of managed investments introduced by the Managed Investments Act 1998, contained in Chapter 5C of the Corporations Act 2001.
The Review presented its report to Parliament in December 2001.