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Thinking| 19 Dec 2017
On 18 December 2017 the Governor-General issued Letters Patent to the Honourable Ken Hayne AC QC formally establishing the Banking and Financial Services Royal Commission. As anticipated, the Letters Patent generally follow the draft terms of reference released a few weeks ago, which we initially reported on here. However, in addition to clarifying the wording of the draft terms, the Letters Patent contain some key departures from the draft terms of reference.