Cuzz Media

Cuzz Media

Cuzz Media is part of t...



In late 2008 we became vi...

Banking In Australia Today

Banking In Australia Today

Visit Banking in Austra...

Donate Please

Donate Please

At the moment we need y...

Prev Next

Banking Royal Commission 2018



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.

The Hon Kenneth Hayne AC QC was a Justice of the High Court of Australia from 1997 to 2015. Prior to this, he was appointed as a Justice of the Supreme Court of Victoria in 1992, later serving on the Victorian Court of Appeal until his appointment to the High Court.

An online form is available to assist people wishing to make submissions to the Royal Commission about misconduct in the financial services industry. The form is available on the Public submissions page.

The next round of public hearings will commence Tuesday, 13 March 2018. More information is available on the Transcripts and hearings page.

Practice Guidelines are available on the Practice Guidelines page.

Media Guidelines for public hearings are available on the Media page. Members of the media should refer to these guidelines for further information on publication and access to evidence.

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.

The Royal Commission's initial public hearing was held on 12 February 2018. A video recording and transcript of the initial hearing is available.


New AUSTRAC boss shocked by ‘depth and breadth’ of money laundering

Australia’s financial intelligence czar Nicole Rose says she is shocked at the depth of money laundering in the economy involving organised crime, child exploitation and drug importation. “I thought coming from the Australian Criminal Intelligence Commission that I had a pretty good handle on serious and organised crime,” she told the ABC’s AM program.


Big four banks hit back at 'misconduct' claims

The big four banks have strongly rebuffed claims of "misconduct" over a series of incidents in their consumer lending businesses, in response to the first round of hearings into the sector's behaviour. ANZ Bank, Commonwealth Bank, National Australia Bank and Westpac have addressed the arguments put by counsel assisting, Rowena Orr, for royal commissioner Kenneth Hayne to make a range of misconduct findings against the banks.


'Liar loan' reviews found flaws in CBA, Westpac processes

As recently as last May, Westpac and Commonwealth Bank had flawed processes for ensuring prospective home loan customers were telling the truth about their incomes, expenses and debts. Fresh details of problems in the banking giants' verification systems were revealed among a trove of documents uploaded by the banking royal commission into financial misconduct late last week.

Subscribe to this RSS feed


Major Topics

Helpful Resources


About Us