Chartered Accountants Australia and New Zealand and CPA Australia welcome the opportunity to provide comments in relation to the draft Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024.

Wholesale regulatory reform, while maintaining important consumer protections, is essential. We support the Government's commitment to implementing the recommendations made by the Levy Review.

In the time available to us to review the draft regulations, we have not identified any unintended consequences, and do not have any specific comments regarding the proposed amendments.