The Parliamentary Joint Committee (PJC) on Corporations and Financial Services has revised the timetable for its review of the Future of Financial Advice (FoFA) legislation.
The date the committee is due to present a final report on its inquiry and review, February 29, 2012, has not changed.
Tranche One of the FoFA legislation – the Corporations Amendment (Future of Financial Advice) Bill 2011 – was referred to the PJC on October 13, and Tranche 2 – the Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011 – was referred on November 24.
The PJC has decided to hold combined hearings on both tranches, on January 23 and 24, at venues to be advised.
It has reopened submission on tranche 1 of the legislation, and the closing date for submissions on both tranches has been set as December 22.
