25 March 2022

Quality of Advice Review – issues paper consultation

Ms Michelle Levy, the independent reviewer appointed by the Government to lead the Quality of Advice Review, has today released an issues paper seeking feedback on how the regulatory framework can better enable the provision of high quality, accessible and affordable financial advice for retail investors.

This consultation also aims to identify opportunities to streamline and simplify regulatory compliance obligations to reduce cost and remove duplication, recognising that costs of compliance by businesses are ultimately borne by consumers.

Submissions are invited by email to advicereview@treasury.gov.au or by mail to: Secretariat, Quality of Advice Review, Financial System Division, The Treasury, Langton Crescent, Parkes ACT 2600.

More information about the Quality of Advice Review, including the Terms of Reference, and the issues paper is available on the Treasury website.

Submissions close 3 June 2021.