SMSF Association submission on the Financial Services Royal Commission draft legislation

SMSF Association Submission

05 March 2020

The SMSF Association welcomes the opportunity to make a submission on the draft legislation implementing the Financial Services Royal Commission recommendations.

We support the need to improve standards of behaviour and service in the financial services industry and recognise the issues highlighted and reflected in the recommendations made by Commissioner Hayne. However, we urge caution in rushing to implement the recommendations without regard to industry consensus where there is evidence that the draft legislation could be amended to improve consumer protections.

Click here to download and read the full submission.