Footnotes

Chapter 2 - Schedule 1—Simple corporate bonds

[1]        The Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 4, http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/2011/Development%20of%20the%20Retail%20Corporate%20Bond%20Market%20Streamlining%20Disclosure%20and%20Liability%20Requirements/Key%20Documents/PDF/Retail_Corporate%20Bonds_DP.ashx (accessed 9 April 2013).

[2]        Corporations Act 2001, ss. 674(2).

[3]        ASX, ASX Listing Rules—Continuous Disclosure: An Abridged Guide, p. 1, http://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf (accessed 24 April 2013).

[4]        Corporations Act 2001, ss. 708(10).

[5]        Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 6.

[6]        Corporations Act, s. 728.

[7]        Corporations Act, s. 729.

[8]        Corporations Act, s. 1308.

[9]        Corporations Act, s. 1309.

[10]      Corporations Act, s. 731.

[11]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 6–7.

[12]      Australian Financial Centre Forum, Australia as a Financial Centre: Building on our strengths, November 2009, Recommendation 4.6, p. 96.

[13]      The Hon. Wayne Swan, Treasurer, 'A Competitive and Sustainable Banking System', Media release, http://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2010/091.htm&pageID=003&min=wms&Year=&DocType (accessed 12 April 2013).

[14]      The Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011.

[15]      The Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 2.

[16]      The Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 2.

[17]      The Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 2.

[18]      The Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 3.

[19]      The Australian Securities and Investments Commission (ASIC), 'ASIC finalises regulatory framework for retail trading of Commonwealth Government Securities', Media release 13-065, 27 March 2013,  http://www.asic.gov.au/asic/asic.nsf/byheadline/13-065MR+ASIC+finalises+regulatory+framework+for+retail+trading+of+Commonwealth+Government+Securities?openDocument (accessed 26 April 2013).

[20]      ASIC defines depositary interests in CGS as beneficial interests in the underlying security that provide the holder with the same economic rights as if they were the legal holder of the CGS. The Australian Securities and Investments Commission (ASIC), 'ASIC finalises regulatory framework for retail trading of Commonwealth Government Securities', Media release 13-065, 27 March 2013.

[21]      Explanatory Memorandum (EM), Commonwealth Government Securities Legislation Amendment (Retail Trading) Bill 2012, p. 5; Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 5.

[22]      The Australian Securities and Investments Commission (ASIC), 'ASIC finalises regulatory framework for retail trading of Commonwealth Government Securities', Media release 13-065, 27 March 2013.

[23]      The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, Second Reading Speech, House of Representatives, 20 March 2013, http://parlinfo.aph.gov.au/parlInfo/genpdf/chamber/hansardr/8143f75e-7f37-4128-8d3b-e62455d99a32/0063/hansard_frag.pdf;fileType=application%2Fpdf (accessed 10 April 2013).

[24]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 10.

[25]      Australian Securities and Investments Commission (ASIC), Explanatory Statement, ASIC Class Order [CO 10/321], pp 5–6, http://www.asx.com.au/documents/professionals/co10-321.pdf (accessed 10 April 2013).

[26]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 9.

[27]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 7.

[28]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 8.

[29]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 11–14; Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 7–12.

[30]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 14.

[31]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 18.

[32]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 19.

[33]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 9.

[34]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 10.

[35]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 11.

[36]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 20.

[37]      Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 20.

[38]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 20–21.

[39]      Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 20.

[40]      Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011, p. 20.

[41]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 21.

[42]      The Corporations Act 2001, s. 1308.

[43]      The Hon. Wayne Swan MP, Deputy Prime Minister and Treasurer, and the Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, 'Retail corporate bonds legislation', Joint media release, Canberra, 20 March 2013, http://billshorten.com.au/retail_corporate_bonds_legislation (accessed 7 May 2013).

[44]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 21–22.

[45]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 9; see also SMSF Owners' Alliance, Submission 13, p. 1.

[46]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 9; see also SMSF Owners' Alliance, Submission 13, p. 1.

[47]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 13; see also SMSF Owners' Alliance, Submission 13, p. 1.

[48]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 9.

[49]      Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, p 1.

[50]      See the exchange between Mr Paul Fletcher MP and Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, pp 4–5.

[51]      Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, pp 2 and 5.

[52]      National Australia Bank, Submission 6, [pp 2–3]; see also Australian Bankers' Association, Submission 14, p. 3.

[53]      Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, p. 3.

[54]      National Australia Bank, Submission 6, NAB response to Australian Government discussion paper February 2012, Appendices 1 and 3.

[55]      Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, p. 3.

[56]      Treasury, Discussion paper: Development of the retail corporate bond market: Streamlining disclosure and liability requirements, December 2011.

[57]      National Australia Bank, Submission 6, NAB response to Australian Government discussion paper February 2012, [p. 6].

[58]      National Australia Bank, Submission 6, NAB response to Australian Government discussion paper February 2012, [p. 6].

[59]      See the exchange between Mr Paul Fletcher MP and Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, p. 5.

[60]      National Australia Bank, Submission 6, NAB response to Australian Government discussion paper February 2012, [p. 7].

[61]      National Australia Bank, Submission 6, [p. 3].

[62]      National Australia Bank, Submission 6, [p. 3]. 

[63]      Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, p. 3.

[64]      Australian Bankers' Association, Submission 14, pp 3–4.

[65]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[66]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 9.

[67]      Australian Bankers' Association, Submission 14, p. 3; National Australia Bank, Submission 6, [p. 3]. 

[68]      National Australia Bank, Submission 6, [p. 3]. 

[69]      Australian Bankers' Association, Submission 14, p. 2; see also the exchange between Mr Paul Fletcher MP and Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, p. 5.

[70]      Australian Bankers' Association, Submission 14, p. 2.

[71]      Australian Bankers' Association, Submission 14, p. 2.

[72]      See the earlier section in this chapter titled 'Use of a two-part prospectus for more complex corporate bonds', and National Australia Bank, Submission 6, [pp 2–3].

[73]      Australian Bankers' Association, Submission 14, p. 2.

[74]      Mr Steve Lambert, Executive General Manager, Debt Markets, National Australia Bank, Committee Hansard, 22 April 2013, pp 5–6.

[75]      National Australia Bank, Submission 6, [p. 2].

[76]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 13.

[77]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 13.

[78]      Australian Bankers' Association, Submission 14, p. 4.

[79]      Australian Bankers' Association, Submission 14, p. 3, fn. 3.

[80]      Australian Bankers' Association, Submission 14, p. 4.

[81]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 10.

[82]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 10.

[83]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[84]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 10.

[85]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 10.

[86]      Dr Richard Sandlant, Manager, Disclosure and International Unit, Treasury, Committee Hansard, 22 April 2013, p. 10.

[87]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[88]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[89]      SMSF Owners' Alliance, Submission 13, p. 1.

[90]      Ms Deborah O'Neill MP, Chair, Committee Hansard, 22 April 2013, p. 11.

[91]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[92]      See the Hon. Wayne Swan MP, Deputy Prime Minister and Treasurer, and the Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, 'Retail corporate bonds legislation', Joint media release, Canberra, 20 March 2013, http://billshorten.com.au/retail_corporate_bonds_legislation (accessed 10 April 2013).

[93]      The Hon. Bill Shorten MP, Minister for Financial Services and Superannuation, Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, Second Reading Speech, House of Representatives, 20 March 2013.

[94]      See Mr Paul Fletcher MP, Committee Hansard, 22 April 2013, p. 11.

[95]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[96]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[97]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[98]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[99]      Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[100]    National Australia Bank, Submission 6, [p. 2]. 

[101]    Mr Paul Fletcher MP, Committee Hansard, 22 April 2013, p. 12.

[102]    Treasury, answer to question on notice, 22 April 2013 (received 8 May 2013).

[103]    National Australia Bank, Submission 6, [p. 1].

[104]    Stockbrokers Association of Australia, Submission 2, p. 2.

[105]    Stockbrokers Association of Australia, Submission 2, p. 3.

[106]    Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[107]    Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

[108]    Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, [schedule 1, item 8, section 283AA], p. 10.

[109]    Treasury, answer to question on notice, 22 April 2013 (received 2 May 2013).

Chapter 3 - Schedule 2—'Financial planner' and 'financial adviser'

[1]        Parliamentary Joint Committee on Corporations and Financial Services, Inquiry into financial products and services in Australia, November 2009, http://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Corporations_and_Financial_Services/Completed_inquiries/2008-10/fps/report/index (accessed 9 April 2013).

[2]        Australian Government, the Treasury, Future of Financial Advice, Overhaul of financial advice, http://futureofadvice.treasury.gov.au/Content/Content.aspx?doc=home.htm (accessed 1 May 2013).

[3]        Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 27–31.

[4]        Corporations Act 2001, Part 7.6, Division 10, ss. 923B(4)(a).

[5]        Stockbrokers Association of Australia, Submission 2, pp 3–4.

[6]        Mr Dante De Gori, General Manager, Policy and Government, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 34.

[7]        Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 27.

[8]        Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 27.

[9]        Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, pp 29–30.

[10]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 30.

[11]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 30.

[12]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 30.

[13]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 30.

[14]      Explanatory Memorandum (EM), Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, p. 31.

[15]      Corporations Act 2001, Part 7.1, Division 4, ss. 766B(1).

[16]      Corporations Act 2001, Part 7.1, Division 4, ss. 766B(2).

[17]      Corporations Act 2001, Part 7.1, Division 4, ss. 766B(3).

[18]      Corporations Act 2001, Part 7.1, Division 4, ss. 766B(4).

[19]      Mr Bede Fraser, Manager, Intermediaries and Regulatory Powers Unit, Retail Investor Division, Markets Group, Treasury, Committee Hansard, 22 April 2013, p. 38.

[20]      See Stockbrokers Association of Australia, Submission 2, p. 4; Australian Institute of Superannuation Trustees, Submission 3, [p. 1]; Financial Planning Association of Australia, Submission 5, [p. 1].

[21]      See the exchanges between Mr Paul Fletcher MP and Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, pp 17–18; Mr Paul Fletcher MP and Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 24.

[22]      Mr Bede Fraser, Manager, Intermediaries and Regulatory Powers Unit, Retail Investor Division, Markets Group, Treasury, Committee Hansard, 22 April 2013, p. 38.

[23]      See the exchanges between Mr Paul Fletcher MP and Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, pp 17–18; Mr Paul Fletcher MP and Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 24.

[24]      Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 29.

[25]      Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, p. 18; Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 20; Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 29.

[26]      Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 25

[27]      See the exchange between Mr Paul Fletcher MP and Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 25.

[28]      Mr Philip Anderson, Chief Operating Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, pp 21–22.

[29]      Mr Peter Kirk, Managing Director, Quill Group Financial Planners Ltd, Submission 1, [p. 1].

[30]      Mr Peter Kirk, Managing Director, Quill Group Financial Planners Ltd, Submission 1, [p. 1]. The submissions from Mr Peter Kirk and Ms Lee Henderson (Submission 9) were very similar to the submission from the Financial Planning Association of Australia.

 

[31]      Financial Planning Association of Australia, Submission 5, [p. 2].

[32]      Stockbrokers Association of Australia, Submission 2, p. 4.

[33]      Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 20.

[34]      Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, p. 17.

[35]      Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 32.

[36]      Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 21; The Association of Financial Advisers Limited, Submission 8, p. 1.

[37]      Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, p. 16.

[38]      Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 30.

[39]      Mr Dante De Gori, General Manager, Policy and Government, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 30.

[40]      CPA Australia and the Institute of Chartered Accountants Australia, Submission 7, p. 1.

[41]      CPA Australia and the Institute of Chartered Accountants Australia, Submission 7, p. 2.

[42]      CPA Australia and the Institute of Chartered Accountants Australia, Submission 7, p. 2.

[43]      CPA Australia and the Institute of Chartered Accountants Australia, Submission 7, p. 2.

[44]      Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 23.

[45]      Mr Bede Fraser, Manager, Intermediaries and Regulatory Powers Unit, Retail Investor Division, Markets Group, Treasury, Committee Hansard, 22 April 2013, p. 38.

[46]      The Corporations Act 2001, Part 7.6, Division 10, ss. 923B(4).

[47]      Suncorp Group Limited, Submission 12, pp 1–2.

[48]      Suncorp Group Limited, Submission 12, p. 2.

[49]      Suncorp Group Limited, Submission 12, p. 2.

[50]      Australian Bankers' Association, Submission 14, p. 5.

[51]      Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, p. 16.

[52]      Treasury, answer to question on notice, 22 April 2013 (received 9 May 2013).

[53]      Treasury, answer to question on notice, 22 April 2013 (received 9 May 2013).

[54]      Financial Planning Association of Australia, answer to question on notice, 22 April 2013 (received 3 May 2013).

[55]      Australian Securities and Investments Commission, answer to question on notice, 22 April 2013 (received 13 May 2013).

[56]      Australian Securities and Investments Commission, answer to question on notice, 22 April 2013 (received 13 May 2013). The dates at which these figures are current are provided in Appendix 3, Answers to questions on notice.

[57]      SMSF Owners' Alliance, Submission 13, p. 2.

[58]      Industry Super Network, Submission 15, [p. 1].

[59]      SMSF Professionals' Association of Australia, Submission 4, p.3.

[60]      Mr Robert Brown, Fellow of the Institute of Chartered Accountants in Australia, Submission 11, [p. 1].

[61]      Mr Robert Brown, Fellow of the Institute of Chartered Accountants in Australia, Submission 11, [p. 1].

[62]      Mr Robert Brown, Fellow of the Institute of Chartered Accountants in Australia, Submission 11, [p. 2].

[63]      Mr Philip Anderson, Chief Operating Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 23.

[64]      The Association of Financial Advisers Limited, Submission 8, p. 2; Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 21.

[65]      Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 28.

[66]      Financial Planning Association of Australia, Submission, Exposure Draft—Legislative amendments relating to the use of the expressions 'financial planner' and 'financial adviser', p. 4; see also Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 31.

[67]      Mr Mark Rantall, Chief Executive Officer, and Mr Dante De Gori, General Manager, Policy and Government, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, pp 33–34.

[68]      Mr Dante De Gori, General Manager, Policy and Government, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 35.

[69]      Mr Bede Fraser, Manager, Intermediaries and Regulatory Powers Unit, Retail Investor Division, Markets Group, Treasury, Committee Hansard, 22 April 2013, p. 40.

[70]      Treasury, answer to question on notice, 22 April 2013 (received 9 May 2013).

[71]      The Association of Financial Advisers Limited, Submission 8, p. 2; Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 21.

[72]      Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, p. 17.

[73]      Australian Institute of Superannuation Trustees, Submission 3, [p. 2]; see also Mr Richard Webb, Policy and Regulatory Analyst, Australian Institute of Superannuation Trustees, Committee Hansard, 22 April 2013, p. 16.

[74]      Mr Mark Rantall, Chief Executive Officer, and Mr Dante De Gori, General Manager, Policy and Government, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 37.

[75]      Australian Institute of Superannuation Trustees, Submission 3, [p. 2].

[76]      Mr Bradley Fox, Chief Executive Officer, and Mr Philip Anderson, Chief Operating Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 28.

[77]      CPA Australia and the Institute of Chartered Accountants Australia, Submission 7, p. 3.

[78]      Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 31.

[79]      Mr Dante De Gori, General Manager, Policy and Government, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 35.

[80]      Mr Mark Rantall, Chief Executive Officer, Financial Planning Association of Australia, Committee Hansard, 22 April 2013, p. 36.

[81]      See the exchange between the Chair, Ms Deborah O'Neill MP and Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 22.

[82]      Mr Bradley Fox, Chief Executive Officer, Association of Financial Advisers, Committee Hansard, 22 April 2013, p. 22.

[83]      SMSF Professionals' Association of Australia, Submission 4, p.3.