The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was established on 14 December 2017 by the Governor-General of the Commonwealth of Australia, His Excellency General the Honourable Sir Peter Cosgrove AK MC (Retd).
The Governor-General issued Letters Patent which formally appoint the Royal Commissioner and outline the Terms of Reference for this inquiry.
The Commissioner, the Honourable Kenneth Madison Hayne AC QC, is authorised to submit an interim report no later than 30 September 2018, and will provide a final report by 1 February 2019.
An online form is available to assist people wishing to make submissions to the Royal Commission about misconduct in the financial services industry. Online submissions can be made from the Public submissions page.
The next round of public hearings, Round 4, will commence Monday, 25 June 2018 in Brisbane, Queensland and from Monday, 2 July in Darwin, Northern Territory. Please check the Public Hearings page for further details.
Practice Guidelines are available on the Practice Guidelines page.
The Royal Commission has become aware that some people may have been receiving information that the Commission can make a decision to refund investors or provide compensation. Such claims are not correct. The Commission cannot resolve individual disputes. It cannot fix or award compensation or make orders requiring a party to a dispute to take or not to take any action.
View the live webcast or previous hearings.
Public submissions - Fast facts
As at 15 June 2018
Top 3 – submissions by industry
Main nature of dealings
|| Banking 64%
Financial advice 10%
Small business finance