Footnotes

Chapter 1 - Statutory oversight

[1]        Australian Securities and Investments Commission Act 2001, para 11(2)(b); ss.11(3).

[2]        www.aph.gov.au/Senate/committee/corporations_ctte/asic/index.htm

Chapter 2 - Matters considered at oversight hearing

[1]        Mr Greg Medcraft, Chairman, ASIC, Committee Hansard, 24 June 2011, p. 2; ASIC, Draft Strategic Framework, 8 June 2011.

[2]        Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 2.

[3]        Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 2.

[4]        ASIC, Draft Strategic Framework, 8 June 2011.

[5]        Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 2.

[6]        ASIC, Draft Strategic Framework, 8 June 2011.

[7]        Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, pp 2, 10.

[8]        Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 10.

[9]        Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 10.

[10]      Parliamentary Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, February 2011, p. 4; Parliamentary Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, May 2011, p. 4.

[11]      ASIC, 'ASIC releases second market supervision report', Media release 11-141MR, 13 July 2011.

[12]      ASIC, 'ASIC releases second market supervision report', Media release 11-141MR, 13 July 2011.

[13]      ASIC, ASIC supervision of markets and participants: January to June 2011, Report 243, July 2011, p. 4.

[14]      Mr Shane Tregillis, Commissioner, ASIC, Committee Hansard, 24 June 2011, p. 11.

[15]      Mr Tregillis, ASIC, Committee Hansard, 24 June 2011, p. 11.

[16]      Mr Tregillis, ASIC, Committee Hansard, 24 June 2011, pp 11–12.

[17]      Dr Carole Comerton-Forde, Professor of Finance, Australian National University, Committee Hansard, 15 June 2011, p. 10.

[18]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 10.

[19]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 11.

[20]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 12.

[21]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 11.

[22]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 11.

[23]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 12.

[24]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 8.

[25]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 9.

[26]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 11.

[27]      Dr Comerton-Forde, Australian National University, Committee Hansard, 15 June 2011, p. 9.

[28]      Parliamentary Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, May 2011, p. 6.

[29]      Australian Securities and Investments Commission Act 2001, s.19, s. 35.

[30]      Australian Securities and Investments Commission Act 2001, s. 63–67.

[31]      Mr Richard Gilbert, Chief Executive Officer, Rule of Law Institute of Australia, Committee Hansard, 15 June 2011, pp 1–2.

[32]      Mr Gilbert, Rule of Law Institute of Australia, Committee Hansard, 15 June 2011, p. 2.

[33]      Mr Gilbert, Rule of Law Institute of Australia, Committee Hansard, 15 June 2011, p. 3.

[34]      Administrative Review Council, Report 48: The coercive information-gathering powers of Government agencies, p. ix.

[35]      Mr Gilbert, Rule of Law Institute of Australia, Committee Hansard, 15 June 2011, p. 3.

[36]      Mr Gilbert, Rule of Law Institute of Australia, Committee Hansard, 15 June 2011, p. 3.

[37]      Mr Gilbert, Rule of Law Institute of Australia, Committee Hansard, 15 June 2011, p. 3.

[38]      Ms Belinda Gibson, Deputy Chairman, ASIC, Letter to Mr Bernie Ripoll MP, Chair, Parliamentary Joint Committee on Corporations and Financial Services, 15 June 2011, p. 1, http://www.aph.gov.au/senate/committee/corporations_ctte/asic/Additional_Information/ASIC_110615_Coercive_Powers.pdf.

[39]      Ms Gibson, ASIC, Committee Hansard, 24 June 2011, p. 16.

[40]      Ms Gibson, ASIC, Letter to Mr Bernie Ripoll MP, Chair, Parliamentary Joint Committee on Corporations and Financial Services, 15 June 2011, p. 1, http://www.aph.gov.au/senate/committee/corporations_ctte/asic/Additional_Information/ASIC_110615_Coercive_Powers.pdf.

[41]      Ms Gibson, ASIC, Letter to Mr Bernie Ripoll MP, Chair, Parliamentary Joint Committee on Corporations and Financial Services, 15 June 2011, pp 4–5, http://www.aph.gov.au/senate/committee/corporations_ctte/asic/Additional_Information/ASIC_110615_Coercive_Powers.pdf.

[42]      Ms Gibson, ASIC, Committee Hansard, 24 June 2011, p. 16.

[43]      Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 17.

[44]      Ms Gibson, ASIC, Committee Hansard, 24 June 2011, pp 16, 17.

[45]      Mr John Price, Senior Executive Leader, ASIC, Committee Hansard, 24 June 2011, p. 5. The committee notes that under section 913B of the Corporations Act the matters that ASIC may take into account when considering whether an applicant is not of good fame and character are any convictions, in the past 10 years, for serious fraud, whether the applicant has previously held an AFSL that was suspended or cancelled, whether a banning order or disqualification order has previously been made against the applicant and any other matters ASIC considers relevant.

[46]      Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 6.

[47]      Mr Warren Day, Victorian Commissioner, ASIC, Committee Hansard, 24 June 2011, pp 6–7.

[48]      Parliamentary Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, February 2011, pp 9–11; Parliamentary Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, May 2011, pp 16–17.

[49]      Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 14.

[50]      Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 14.

[51]      Mr Medcraft, ASIC, Committee Hansard, 11 March 2011, p. 41.

[52]      Mr Medcraft, ASIC, Committee Hansard, 24 June 2011, p. 14.

[53]      ASIC, Information sheet 111: Information for investors in frozen funds, May 2010, http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/info111-information-for-investors-in-frozen-funds.pdf/$file/info111-information-for-investors-in-frozen-funds.pdf (accessed 11 July 2011).

[54]      Section 243 of the ASIC Act authorises the committee to inquiry into the operation of the Corporations Act.