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Review of the Financial System External Dispute Resolution Framework

1. The Law Council of Australia (Law Council) welcomes the opportunity to make a submission to the Review of the financial system external dispute resolution framework Issues Paper released on 9 September 2016. 

2. This submission addresses a number of the discussion questions identified in the Issues Paper which are of most importance to the Law Council. 

3. The Law Council’s submission has been prepared in five parts: 

• Part A has been prepared by the SME Business Law Committee of the Business Law Section (SME Committee); 

• Part B has been prepared by the Australian Consumer Law Committee (ACLC) of the Legal Practice Section in consultation with the Law Institute of Victoria; 

• Part C has been prepared by the Superannuation Committee of the Legal Practice Section; 

• Part D has been prepared by the National Insurance Lawyers Committee of the Legal Practice Section; and 

• Part E has been prepared by the Alternative Dispute Resolution Committee (ADR Committee) of the Federal Litigation and Dispute Resolution Section. 

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