Royal commission round two responses released
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Royal commission round two responses released

The official witness responses to requests for more information by the royal commission after its explosive second round of hearings have been released.

At the end of the second round of royal commission hearings – which focused on financial advice and wealth management – commissioner Ken Hayne requested additional information from parties with leave to appear.

Those responses have now been made public and include a right of reply from witnesses on some of the more contentious issues raised by the royal commission, including 'fees for no service' conduct, inappropriate advice and in-house product conflicts.

The royal commission second round submissions can be accessed below:

  • AMP

https://www.ifa.com.au/pdf/amp-submission-general-questions.pdf

https://www.ifa.com.au/pdf/amp-case-study-1-fees-for-no-service.pdf

https://www.ifa.com.au/pdf/amp-case-study-2-investment-platform-fees.pdf

https://www.ifa.com.au/pdf/amp-case-study-3-inappropriate-financial-advice.pdf

  • Former Westpac adviser Andrew Smith

https://www.ifa.com.au/pdf/andrew-smith-submission.pdf

  • APRA

https://www.ifa.com.au/pdf/apra.pdf

  • ASIC

https://www.ifa.com.au/pdf/asic.pdf

  • AFA

https://www.ifa.com.au/pdf/afa.pdf

  • ANZ (and aligned licensees)

https://www.ifa.com.au/pdf/anz.pdf

https://www.ifa.com.au/pdf/m3-and-ri-case-study-submissions.pdf

https://www.ifa.com.au/pdf/m3-and-ri-supplementary-case-study-submission.PDF

  • Former ANZ adviser John Doyle

https://www.ifa.com.au/pdf/mr-john-doyle.pdf

  • CHOICE

https://www.ifa.com.au/pdf/choice.pdf

  • CBA

https://www.ifa.com.au/pdf/cba-part-a-wealth-management.pdf

https://www.ifa.com.au/pdf/cba-part-b.pdf

  • Dover Financial Advisers 

https://www.ifa.com.au/pdf/dover-financial-advisers.pdf

  • Finance Sector Union

https://www.ifa.com.au/pdf/fsu.pdf

  • FPA

https://www.ifa.com.au/pdf/fpa-part-a.pdf

https://www.ifa.com.au/pdf/fpa-part-b.pdf

  • Henderson Maxwell

https://www.ifa.com.au/pdf/henderson-maxwell-entities.pdf

  • NAB 

https://www.ifa.com.au/pdf/nab-general-questions.pdf

https://www.ifa.com.au/pdf/nab-case-study-supplementary-submissions.pdf

https://www.ifa.com.au/pdf/nab-case-study-supplementary-submissions.pdf

  • Treasury 

https://www.ifa.com.au/pdf/treasury.pdf

  • Westpac

https://www.ifa.com.au/pdf/westpac-banking-corporation-financial-advice-case-study.pdf

https://www.ifa.com.au/pdf/westpac-banking-corporation-general-submission.pdf

Royal commission round two responses released
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