The federal government has implemented various measures in the past two years to ensure public confidence in the banking and financial services industry, but a royal commission was ultimately unavoidable, according to Assistant Treasurer Michael Sukkar.

Legal document provider Topdocs has announced an end-to-end integration with Xero Practice Manager (XPM) to enable data sharing between the two platforms.

The SMSF Association will make submissions to the banking royal commission if requested despite the sector’s exclusion from the inquiry’s terms of reference.