Senate debates

Wednesday, 6 December 2017

Bills

Treasury Laws Amendment (2017 Measures No. 9) Bill 2017, Treasury Laws Amendment (Putting Consumers First — Establishment of the Australian Financial Complaints Authority) Bill 2017; In Committee

5:56 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

In relation to public reporting, currently under their terms of reference, FOS must produce a report at least every 12 months, which includes a comprehensive summary and analysis of the data collected. Amongst other things, it includes the following statistical information about each financial services provider: the number of disputes referred to FOS, the number of disputes closed and the outcome of these disputes. Will AFCA make the same requirement?

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