Financial System Inquiry

• This submission outlines solutions to improve the efficiency, competitiveness and flexibility of Australia’s financial system.

• Our solutions will increase the velocity of capital, boost productivity, enhance community prosperity and improve living standards.

• The financial system encompasses debt and equity capital across the public and private markets. The Property Council represents members operating in all investment markets.

• The current financial system is stymied by complex and costly regulation and inefficient taxes. Creating a more efficient financial system will boost Australia’s economic resilience and attract patient long term global capital that is critical for investment.

• The hallmarks of an optimal financial system are:

- a competitive and stable regulatory framework that boosts productivity, transparency and the efficient allocation of capital;

- a diverse range of financial products and services that provides greater choice for borrowers and consumers; and

- clear and cost efficient financial market rules that promote innovation and international competitiveness.