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Review Process

Peter Kell, Independent Reviewer
Peter Kell Independent Reviewer

The Independent Reviewer

The Review is being conducted by Peter Kell, an independent reviewer with extensive experience in consumer protection, regulation and code governance.

Peter has previously served as Deputy Chair of both the Australian Securities and Investments Commission (ASIC) and the Australian Competition and Consumer Commission (ACCC), and as the Chief Executive Officer of CHOICE, and held a range of senior leadership positions focused on consumer outcomes, market conduct and regulatory oversight. He recently conducted the independent review of the Life Insurance Code of Practice.

As Independent Reviewer, Peter will conduct an evidence-based and consultative review of the BCCC and make recommendations to support its continued effectiveness and independence.

Independent Review: Governance, Roles and Secretariat Support

The Review has been commissioned by the BCCC, as required by its Charter, but is being conducted independently.

Peter Kell is responsible for determining the review approach and methodology, consulting stakeholders and developing findings, recommendations and conclusions.

Peter is supported by an independent secretariat that reports directly to him and operates separately from the BCCC Secretariat. The independent secretariat manages stakeholder engagement, coordinates the public consultation and receives submissions on the reviewer’s behalf.

Scope of the Review

The Review will consider a range of issues:

Whether the BCCC's role, functions and powers remain appropriate and fit for purpose
Whether the BCCC's operating model and capabilities remain appropriate for the future.
How effectively the BCCC performs its monitoring, investigation and oversight functions
The role and effectiveness of the Small Business and Agribusiness Advisory Panel
Whether governance arrangements support independence, accountability and stakeholder confidence
Whether current resourcing arrangements remain adequate

The Terms of Reference for the Review can be found here.

Matters Outside Scope

The Review will not examine or make recommendations about the Banking Code of Practice itself. Issues relating to Code obligations and policy settings are being considered through the separate Banking Code Review process.

Information on the Banking Code Review can be found here.

Key Dates and Milestones for the Review

September 2026 Review Commences

The independent review commences, led by Peter Kell with support from the independent secretariat.

October 2026 Consultation Paper released

The Consultation Paper is released, setting out the issues for consideration and inviting initial submissions from stakeholders.

December 2026 Initial submissions close

The initial submission period closes. The reviewer considers submissions alongside consultation feedback and other evidence.

March 2027 Interim Report released

The Interim Report is released with preliminary findings and recommendations, opening a further period for stakeholder feedback.

May 2027 Further submissions close

The further submission period closes and the reviewer considers final feedback on the Interim Report.

June 2027 Final Report released

The Final Report is released, setting out the review's findings and recommendations.

The review will include a public consultation.

Any interested parties are welcome to make a submission.

Feedback will help inform the review’s findings and recommendations about the future role and operation of the BCCC.

Consultation will run throughout the review, with focused periods following the release of the Consultation Paper (October 2026) and the Interim Report (March 2027).