Treasurer Josh Frydenberg has vowed to overhaul the financial services sector by the end of next year, in the hope of rebuilding consumer confidence after a scathing review of the industry.
Mr Frydenberg will use a speech on Monday morning to the Victorian Chamber of Commerce and Industry to reveal the road map for implementing recommendations from the Hayne royal commission.
"The need for change is undeniable and the community expects that the government's response to the royal commission will be implemented swiftly," he said.
