Statutory Oversight of the Australian Securities and Investments Commission


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Statutory Oversight of the Australian Securities and Investments Commission

Number 1, 2013. February

7 February 2013

© Commonwealth of Australia 2013
ISBN 978-1-74229-747-7

View the report as a single document - (PDF 339KB)

View the report as separate downloadable parts:

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Members of the Committee (PDF 70KB)
 
Duties of the Committee (PDF 45KB)
 
Abbreviations (PDF 7KB)
 
Chapter 1 - Introduction (PDF 29KB)

The public hearing
Key issues and the structure of the report
Ms Belinda Gibson
 
Chapter 2 - High frequency trading and dark pools (PDF 71KB)

The size of high frequency and dark pool trading
Current rules on dark pool trading
New market integrity rules
ASIC's taskforces and options
ASIC and the ASX's concerns with HFT
ASIC and the ASX's concerns with and approach to dark liquidity
Committee view
 
Chapter 3 - Concerns with the quality of auditing, and other related matters (PDF 59KB)

Introduction
ASIC's concerns with auditing quality and 'professional scepticism'
The Banksia collapse
The committee's previous concerns with auditors
Committee view
 
Chapter 4 - Updates on Storm Financial, Trio Capital, the Future of Financial Advice reforms, and the Fortescue and James Hardie cases (PDF 104KB)

Storm Financial
Trio Capital
Future of Financial Advice
Directors' duties and continuous disclosure requirements
Concluding comment
 
Appendix 1 - Answers to questions on notice (PDF 100KB)

Australian Securities and Investments Commission:
Australian Securities Exchange:
 
Appendix 2 - Public hearings and witnesses (PDF 7KB)

Sydney, 3 December 2012

For further information, contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3583
Fax: +61 2 6277 5719
Email: corporations.joint@aph.gov.au