Chartered Accountants Australia and New Zealand, CPA Australia, the Financial Planning Association, the Institute of Public Accountants and the SMSF Association (the Joint Associations) welcome the opportunity to provide a response to the ALRC Review of the Legislative Framework for Corporations and Financial Services Regulation Interim Report B.

The Joint Associations welcome the Commission’s work to identify and provide practical solutions to improve the operation and structure of the Corporations Act 2001 and associated subordinate regulations and legislative instruments to simplify and support the professional services provided by the financial services industry for the benefit of Australian consumers.