December 4, 2017

Banking Royal Commission (BRC)

In November 2017 the Australian Government announced a public inquiry into the banking industry. The inquiry will be conducted as a Banking Royal Commission and will have powers conferred upon it by the Royal Commissions Act 1902 (Cth) and utilise various similar powers under state level jurisdictions including, for example, under the Royal Commissions Act 1923 (NSW). Officially the inquiry is known as a Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

The Royal Commission provides an opportunity to thoroughly examine the mentality of financial institutions and consider frameworks for better regulation. The inquiry has so far revealed systemic issues in the industry with many of the Australian banks and other financial institutions giving evidence of cases of misconduct.

Read some of our related blog articles so far:

Make a Submission to the Banking Royal Commission

The Banking Royal Commission is currently in its fifth round of hearings focused on superannuation. 

The sixth round of hearings will commence in September and will focus on issues related to insurance. Applications for leave to appear for Round 6 are not yet open. However, it is best to speak to us as soon as possible if you would like to make a submission, or if you suspect that you will be called to give evidence in a hearing.

We can discuss your concerns, assist you in your preparation of statements and also represent you in your liaison with the Royal Commission. Given the high publicity surrounding this inquiry, representation by lawyers from O’Brien Criminal and Civil Solicitors will ensure that you are aware and prepared for the processes ahead.

O’Brien Criminal and Civil Solicitors are specialist Royal Commission lawyers having represented witnesses in every Royal Commission over the past decade. Read more about what Royal Commissions are and our experience in the area here.

Contact O’Brien Criminal and Civil Solicitors on 02 9261 4281 if you need representation at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.