Single disciplinary body delayed

Legislation to implement the single disciplinary body will have to be delayed due to COVID-19, and will now be introduced at the end of next year.

“The government is still working through the details of the body, and Treasury has been consulting very widely with the industry on its design features,” Ms Hume told the Stockbrokers and Financial Advisers Association (SAFAA) conference. “We will have more to say on this in due course.”

The creation of a single disciplinary body was one of the recommendations of the royal commission.