ISSN 1328-8091 Parliament of Australia Departmentof Parliamentary Services Contents Purpose .................................................................................................................................................... 3 Background .............................................................................................................................................. 3 Australian financial services regulation .............................................................................................. 3 Parliamentary Joint Committee inquiry and report ........................................................................... 4 Government response to PJC report .................................................................................................. 5 FOFA 1 ............................................................................................................................................ 5 Consultation ................................................................................................................................... 5 FOFA 2 ............................................................................................................................................ 6 Regulatory impact statement