Submissions

FINSIA welcomes the opportunity to comment on the ALRC Report A Financial Services Legislation - and suggests that frequently the cause of customer harm and dissatisfaction is the application of rigid policies when the application of professional judgement is needed.

FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission to the Review of the Quality of Financial Advice Terms of Reference. FINSIA’s purpose is to deepen trust in financial services by raising standards of professionalism. It is a not-for-profit professional membership body for individuals working across the full spectrum of financial services industry in Australia.

As a connector between finance professionals and industry, FINSIA is keen to support the financial service industry’s commitment to earn back trust and create an enduring customer focussed culture.

FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission to the Treasury’s consideration of Education Standards for Financial Advisers. FINSIA’s purpose is to deepen trust in financial services by raising standards of professionalism. It is a not-for-profit professional membership body for individuals working across the full spectrum of financial services industry in Australia, including the financial advice industry.

As a connector between finance professionals and industry, FINSIA is keen to support the industry’s commitment to earn back trust and create an enduring customer focussed culture. FINSIA is grateful for the extension of time to lodge its submission until 3 February 2022.

FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission to the 2021 Independent Review of Banking Code of Practice (the Independent Review), which has been reviewed by its Retail and Business Banking Council.

FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission in response to the Single Disciplinary Body: Policy Paper and the proposals to implement regulations under the Financial Sector Reform (Hayne Royal Commission Response- Better Advice) Bill 2021 (the Bill).

FINSIA (the Financial Services Institute of Australasia), welcomes the opportunity to make a submission in relation to the Financial Accountability Regime Bill 2021 (the Bill). 

FINSIA welcomes the opportunity to submit comments and feedback on the Financial Services Council ‘Affordable and Accessible Advice: FSC Green Paper on Financial Advice’ (Green Paper). Broadly speaking, FINSIA agrees with the proposals put forward in the Green Paper and believe them to be comprehensive and substantial in addressing the problems we are trying to solve regarding complex regulation, escalating costs of operating advice businesses with increased regulatory requirements, and future policy reform. 

FINSIA supports the development of standards such as the Threshold Competence for Professional Bankers. 

FINSIA thanks FASEA for the opportunity to provide feedback on the above.

FINSIA thanks Treasury for the opportunity to provide feedback on its consultation paper, Enforceability of financial services industry codes. Broadly speaking, we support Treasury’s proposals.