Footnotes

Chapter 2 - Issues raised with ASIC

[1]       Joint Parliamentary Committee on Corporations and Financial Services, Statutory Oversight of the Australian Securities and Investments Commission, February 2009, pp. 4-5.

[2]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, pp. 19-20   .

[3]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 2

[4]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 20.

[5]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 20.

[6]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 6.

[7]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, pp. 43 – 44.

[8]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 11.

[9]       Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 13.

[10]     ASIC, Answers to questions on notice, Questions on Notice No. 3, Appendix 2 of this report.

[11]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 11.

[12]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, pp. 12-13.

[13]     ASIC, Answers to questions on notice, Question on Notice No. 2, Appendix 2 of this report.

[14]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 55.

[15]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 2.

[16]     Further information about this inquiry, which is due to report to Parliament by 23 November 2009, can be found at the committee's website: http://www.aph.gov.au/senate/committee/corporations_ctte/fps/index.htm

[17]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 3.

[18]     Commonwealth Bank Statement – Storm Financial, 17 June 2009, http://www.commbank.com.au/about-us/news/media-releases/2009/170609-news-storm-financial.aspx (viewed online on 6 September 2009).

[19]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 3.

[20]     Commonwealth Bank extends commitment to customers impacted by Storm Financial, 30 July 2009, http://www.commbank.com.au/about-us/news/media-releases/2009/300709-news-storm-financial.aspx (viewed online on 6 September 2009).

[21]     For details of this inquiry, please see the committee's inquiry web page: http://www.aph.gov.au/senate/committee/corporations_ctte/MIS/index.htm . Please note that the committee tabled its report on this matter on 7 September 2009 and has now completed its work on agribusiness MIS.

[22]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, pp. 4-5.

[23]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 5.

[24]     The completed report is available via the committee's inquiry web site. Please see http://www.aph.gov.au/senate/committee/corporations_ctte/MIS/index.htm .

[25]     Mr Greg Medcraft, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 51.

[26]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 52.

[27]     ASIC, 'ASIC facilitates withdrawals from frozen funds', Press release, 31 October 2008. Hardship grounds include inability to meet immediate living expenses; compassionate grounds such as medical costs or pending foreclosure; and permanent incapacity.

[28]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 8.

[29]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 29.

[30]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 8.

[31]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 25.

[32]     Mr Greg Medcraft, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 26.

[33]     Mr Greg Medcraft, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 28.

[34]     ASIC, Answers to questions on notice, Appendix 2 of this report – see Question on Notice No. 1 and No. 4.

[35]     ASIC, Answers to questions on notice, Appendix 2 of this report – see Question on Notice No. 1.

[36]     ASIC, Media release 09-148MR, ASIC expands relief for hardship withdrawals from frozen mortgage funds, 17 August 2009.

[37]     Mr Greg Medcraft and Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 32.

[38]     Mr Greg Medcraft, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 36.

[39]     Mr Greg Medcraft, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 37.

[40]     Mr Jeremy Cooper, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 49.

[41]     Mr Tony D'Aloisio, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 51.

[42]     Mr Jeremy Cooper, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 50.

[43]     Mr Jeremy Cooper, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p. 50.

[44]     ASIC Regulatory Guide 126, 'Compensation and insurance arrangements for AFS licensees', March 2008

[45]     Mr Tony D'Aloisio,, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p.17.

[46]     Mr Tony D'Aloisio,, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p.18.

[47]     Tony D'Aloisio,, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p.18.

[48]     Mr Tony D'Aloisio,, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p.47.

[49]     Mr Tony D'Aloisio,, ASIC, Official Committee Hansard, Canberra, 17 June 2009, p.48.