Treasurer Frydenberg notes that "the......>

AUSTRALIA: Treasurer Frydenberg notes that "the Morrison Government has today

announced a six month deferral to the implementation of commitments associated

with the Royal Commission into Misconduct in the Banking, Superannuation and

Financial Services Industry as a result of the significant impacts of the

coronavirus. The deferral will enable the financial services industry to focus

their efforts on planning for the recovery and supporting their customers and

their staff during this unprecedented time. Under the updated timetable, those

measures that the Government had indicated would be introduced into the

Parliament by 30 June 2020, will now be introduced by December 2020. Similarly,

those measures originally scheduled for introduction by December 2020 will now

be introduced by 30 June 2021."