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Additional Royal Commission Reforms Take Effect

Media Releases

Date : 01 October 2021

Author: The Hon Josh Frydenberg MP

The Hon Josh Frydenberg MP

Treasurer

MEDIA RELEASE

1 October 2021

Additional Banking, Superannuation & Financial Services Royal Commission reforms take effect

Consumers and small businesses will benefit from additional protections with the commencement of a further nine recommendations of the Banking, Superannuation & Financial Services Royal Commission and the Design and Distribution Obligations (DDO) from October 2021.

These reforms strengthen protections for consumers by:

The Morrison Government remains committed to completing implementation of the recommendations of the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and in doing so ensuring Australians continue to have trust and confidence in a strong and effective financial system.

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