Commissioner Hayne's six commandments:
* The law must be applied and its application enforced;
* industry codes should be approved under statute and breach of key promises made to customers in the codes should be a breach of the statute;
* no financial product should be 'hawked' to retail clients, including superannuation and insurance;
* intermediaries should act only on behalf of, and in the interests of, the party who pays the intermediary;
* exceptions to the ban on conflicted remuneration should be eliminated;
* culture and governance practices (including pay arrangements) must focus on non-financial risk, as well as financial risk.
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