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The organisations, law enforcement agencies (ASIC and APRA) and affected consumers. The media reported some extraordinary admissions and findings. In the end, however, many commentators expressed disappointment with the final report of the Commission, seeing it as a “damp squib”. The market also apparently perceived the report as weak compared to what was anticipated, with bank stocks rebounding in price and demand for the trading days after the release date of the report.  

1.Why was there pressure exerted on the Federal Government to have a Royal Commission?

2.What arguments did the Government and Financial Services Sector use to reject the call for a Royal Commission?

3.Using one bank or other provider as an example (so you can use either IOOF, NAB or any other provider testifying before the Commission), what governance issues did the Commission investigations and hearings identify for that provider?

4.From a governance perspective, how has that provider responded to the Commission findings (not just in words)? 

5.From an enforcement perspective, what has ASIC and APRA done to address the criticisms raised in the report?

What (if any) implications do those specific findings have for corporate governance more generally in Australia? (When answering this question, consider the Principles of Corporate Governance on the ASX website)

BULAW 5915 Corporate Law Assignment

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LAW7157 Introduction to Business Law

Questions: Question 1: Discuss ithe significance or relevance of corporate law. Question 2: Give a brief introduction of the issue of the company on news article.   Select an Australian news item of current interest from an Australian newspaper or news site bearing a 2019 to date relevant ...

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LAWS10115 Small Claims Court

 On 11 August 2020, Vanya Ho entered into a contract with Diego Toh to renovate her school, The Umbrella Learning Centre and to set up the internet system for the school’s online lessons starting in October. They agreed to the total sum of $100,000 with a 10% deposit of $10,000 to be paid ...

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LAWS20058 Australian Commercial Law

Question: Background Facts After completing his undergraduate marketing studies, Baez worked for Instant Advertising Pty Ltd, a large national advertising company in Australia.  He recently completed his postgraduate business degree at ABC University and resigned from his job to start his ow ...

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HA3021 Tutorial T1 2021 Student Number: (enter on the line below) Student Name: (enter on the line below) H A3021 CORPORAT IONS LAW TUTORIAL ASS IGNMEN T TRIMESTER 1 2021 Assessment Weight: 50 total marks Instructio ...

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