Adviser commission ban recommended by Commerce Committee

That is among the recommendations included in the Commerce Committee inquiry report into finance company failures.

"We recommend to the Government that it investigate the possibility of banning conflicted remuneration structures in the provision of financial advice, including consultation with the Australian authorities on the model proposed in that country," the report says.

The possibility of a commission ban was welcomed by financial adviser and author Martin Hawes, who believes the idea is beginning to gain momentum.

"Once you get one or two or three countries doing this, then I think it will sweep around the place pretty fast," he said.