The Minister for Finance signed a statutory instrument commencing section 72 of the Central Bank (Supervision and Enforcement) Act 2013 on 27 August 2013.  The commencement of section 72 means that the Financial Services Ombudsman will have the power to "name and shame" financial service providers who have at least three complaints against them substantiated. 

The section will come into effect on 1 September 2013 and the first report of the Ombudsman is expected in early 2014.