Although it has been criticised, the Hayne Royal Commission has been described as a watershed moment for the Australian financial system. In its final report it made four observations, the first of which is below:

First, in almost every case, the conduct in issue was driven not only by the relevant entity's pursuit of profit but also by individuals' pursuit of gain, whether in the form of remuneration for the individual or profit for the individual's business. Providing a service to customers was relegated to second place. Sales became all important...

(Unknown 2019)

Question:Are existing laws (both legislation and rules of common law) in your opinion effective in preventing the problem above?