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2014 Financial System Inquiry

The 2014 Financial System Inquiry was annouced by the Treasurer, the Hon. Joe Hockey MP, on 20 November 2014. The Inquiry's Final Report was released on 7 December 2014 and the Inquiry has concluded. For more information please visit the 2014 Financial System Inquiry website.

Membership of the Inquiry

Mr Stan Wallis, the Inquiry Chairman, is known nationally and internationally for his outstanding achievement as managing director of Amcor Ltd (formerly APM Ltd), a position he has held since 1977 and from which he is about to retire. He has agreed to take leave of absence from the AMP Society’s Principal Board in order to undertake this assignment but retains a number of directorships in other leading Australian companies. He is a graduate of the University of Melbourne and Stanford University, and lives in Melbourne.

Mr Bill Beerworth is a solicitor and merchant banker and is the Principal Partner of Beerworth & Partners Ltd, a corporate and financial advisory firm. He is chairman of Straits Resources Ltd. He was formerly a senior partner at Malleson, Stephen Jaques, and has been a director of HongKong Bank of Australia and managing director of Wardley James Capel Corporate Finance Ltd, its merchant banking arm. He is a graduate of the Universities of Sydney, Virginia and New South Wales, and lives in Sydney.

Professor Jeffrey Carmichael is Professor of Finance and Director of the Centre for Banking and Finance at Bond University. He helped to form the Australian Financial Institutions Commission in 1991-92 and has been its Chairman since 1992, and Chairman of the Queensland Office of Financial Supervision since July 1995. He has agreed to step down from these positions in order to undertake this assignment. He is a member of the board of the Queensland Treasury Corporation. His earlier career at the Reserve Bank of Australia included holding several senior positions. He is a graduate of the University of New South Wales and Princeton University, and lives in the Gold Coast.

Professor Ian Harper is Professor of International Finance at the Melbourne Business School within the University of Melbourne. His academic career has included lecturing in economics at the Australian National University, a Fulbright post-doctoral fellowship and another professorship at the University of Melbourne. He has worked in the Research Department of the Reserve Bank, and is a member of the Victorian Treasury Business Advisory Group. He is a graduate of the University of Queensland and the Australian National University, and lives in Melbourne.

Mrs Linda Nicholls has been executive director of County NatWest Australia Investment Management from 1991 until her recent move to full-time company directorships and financial consulting. She is a director of the Australian Postal Corporation, the Transport Accident Commission of Victoria, Perpetual Trustees, and the Victorian Docklands Authority, and has been a member of the Advisory Board of BP Australia and a commissioner of SEC Victoria. Her earlier career included senior positions in the Bank of New Zealand and Australian Bank in Sydney and Melbourne, in Brown Brothers Harriman in New York and in Broadbank Corporation in Auckland. She is a graduate of Cornell and Harvard Universities, and lives in Melbourne.

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