The Parliamentary Joint Committee on Corporations and Financial Services' inquiry into proposals to lift the professional, ethical and education standards in the financial services industry (PJC) presented its recommendations to Government on 19 December 2014.
The PJC report outlined a comprehensive model to increase the professional standards of advisers, involving a co-regulatory approach where Government, professional associations, industry and academia all work in partnership.
The Government undertook a period of consultation to seek views on the core elements of the PJC model, importantly including how these elements could be implemented.
Interested parties were invited to comment on the issues raised in the consultation paper by making a submission to the Treasury.
Further information can be found on the Treasury's website.