Footnotes

Chapter 2 - Issues raised with ASIC

[1]        The full transcript of the committee's hearing is available online at: http://www.aph.gov.au/senate/committee/corporations_ctte/asic/hearings/hansard/290410.pdf  

[2]        Corporations Amendment (Financial Market Supervision) Bill 2010, Explanatory Memorandum, p. 3.

[3]        Danny John, 'ASX cited for conflict of interest', Sydney Morning Herald, 5 April 2008, p. 44; Andrew Main, 'ASIC won't rock boat on taking over ASX role', The Weekend Australian, 27 February 2010, p. 26; Adele Ferguson, 'They're up in arms, and this is why', Sydney Morning Herald, 18 March 2010, p.6.

[4]        Consultation Paper 131 'Proposed ASIC Market Integrity Rules – ASX and SFE Markets'.

[5]        'ASIC buys market surveillance system', The Australian, 25 March 2010, p. 25.

[6]        Ms Gibson, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, pp 30–31.

[7]        Ms Gibson, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, pp 33–32.

[8]        Ms Gibson, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, pp 33, 35;

Mr D'Aloisio, Chair, ASIC, Proof Committee Hansard, 29 April 2010, p. 34.

[9]        Ms Gibson, Deputy Chair, ASIC, Proof Estimates Hansard, 1 June 2010, p. E137.

[10]      Ms Gibson, Deputy Chair, ASIC, Proof Estimates Hansard, 1 June 2010, p. E137.

[11]      ASIC, Consultation Paper 131 'Proposed ASIC Market Integrity Rules – ASX and SFE Markets', p. 7.

[12]      Ms Gibson, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, p. 31.

[13]      Ms Gibson, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, p. 31.

[14]      Ms Gibson, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, p. 33.

[15]      Ian McIlwraith, 'New chaos theory misses the point', Sydney Morning Herald, 8 May 2010, p. 1; Andrew Main, 'Automated trade needs new rules', The Australian, 17 May 2010, p. 26.

[16]      Australian Securities & Investments Commission, National consumer credit regulation, http://www.asic.gov.au/credit, accessed 25 May 2010.

[17]      Mr Greg Kirk, Senior Executive Leader, ASIC, Proof Committee Hansard, 29 April 2010, pp 2, 6.

[18]      Mr Tony D'Aloisio, Chair, ASIC, Proof Estimates Hansard, 1 June 2010, p. E 115.

[19]      Jane Searle, 'ASIC extends hand over credit regime', 31 March 2010, Australian Financial Review. Ashleigh McIntyre, ' MFAA expels second member this month', 13 May 2010, Money Management, http://www.moneymanagement.com.au/article/MFAA-expels-second-member-this-month/516954.aspx, accessed 25 May 2010; Mr Greg Kirk, Senior Executive Leader, ASIC, Proof Hansard, p. 5.

[20]      Mr Greg Kirk, Senior Executive Leader, ASIC, Proof Committee Hansard, 29 April 2010, p. 3.

[21]      Mr Greg Kirk, Senior Executive Leader, ASIC, Proof Committee Hansard, 29 April 2010, p. 6.

[22]      Jane Searle and Katja Buhrer, 'ASIC puts CFD sector under scrutiny', Australian Financial Review, 18 March 2010, p. 18.

[23]      'Crisis catches markets by surprise', The Australian, 28 December 2009, p. 24.

[24]      Mr Greg Medcraft, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, p. 7.

[25]      Mr Greg Medcraft, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, p. 7.

[26]      Mr Greg Medcraft, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, p. 8.

[27]      Mr Greg Medcraft, Commissioner, ASIC, Proof Committee Hansard, 29 April 2010, pp 8–9.

[28]      ASIC, 'Contracts for difference: complex and high risk?', ASIC financial tips and safety checks (Fido), http://www.fido.gov.au/fido/fido.nsf/byheadline/Contracts+for+difference%3A+complex+and+high+risk%3F?openDocument, retrieved 27 May 2010.

[29]      Mr D'Aloisio, Chairman, ASIC, Proof Committee Hansard, 29 April 2010, pp 10–11.

[30]      Inquiry into financial products and services in Australia, p. 49.

[31]      Mr D'Aloisio, Additional Estimates Hansard, 11 February 2010, p. 126.

[32]      Stuart Washington, 'Founder may face criminal charges', Sydney Morning Herald Business Day, 28 May 2010, p. 1.

[33]      ASIC, 'ASIC moves to next phase of Storm investor compensation', Media release 10-56AD, 19 March 2010.

[34]      Commonwealth Bank of Australia, ' Commonwealth Bank acknowledges ASIC position on Storm Financial', Media release, 19 March 2010, http://www.commbank.com.au/about-us/news/media-releases/2010/190310-CBA-acknowledges-ASIC-position-on-Storm-Financial.aspx, retrieved 27 May 2010.

[35]      Mr D'Aloisio, Chairman, ASIC, Proof Committee Hansard, 29 April 2010, p. 13.

[36]      ASIC, 'Storm Investors website: Update 1 June 2010', http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/Storm-website-update-1-June-2010.pdf/$file/Storm-website-update-1-June-2010.pdf, accessed 2 June 2010.

[37]      Eg. Stuart Washington, ' Devastated Storm investors agonise as corporate watchdog sits on its hands', The Age, 19 May 2010, p. 12.

[38]      ASIC, Annual Report 2007-08, p. 13.

[39]      ASIC, Annual Report 2008-09, p. 29.

[40]      ASIC, Annual Report 2008-09, p. 29.

[41]      ASIC, 'Responsible handling of rumours', Consultation paper 118, September 2009, http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/cp118.pdf/$file/cp118.pdf, retrieved 28 May 2010.

[42]      Mr D'Aloisio, Chairman, ASIC, Proof Committee Hansard, 29 April 2010, p. 15.

[43]      ASIC, 'Market update on confidential information and rumours', Media release 10-99AD, 12 May 2010.

[44]      ASIC, 'Market update on confidential information and rumours', Media release 10-99AD, 12 May 2010.

[45]      Mr D'Aloisio, Chairman, ASIC, Proof Committee Hansard, 29 April 2010, pp 15, 17.

[46]      Mr D'Aloisio, Chairman, ASIC, Proof Committee Hansard, 29 April 2010, p. 16.

[47]      Corporations and Markets Advisory Committee, Aspects of Market Integrity, June 2009, p. 121.

[48]      ASIC, Answers to questions on notice #1, received 9 June 2010.

[49]      ASIC, Answers to questions on notice #2, received 9 June 2010.

[50]      Patrick Durkin, 'ASIC's false rumour unit winds down', Australian Financial Review, 2 March 2010, p. 5.

[51]      Ms Gibson, ASIC, Proof Committee Hansard, 29 April 2010, p. 19.

[52]      ASIC, 'Market update on confidential information and rumours', Media release 10-99AD, 12 May 2010.

[53]      Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, February 2010, p. 11.

[54]      ASIC, 'ASIC successfully appeals permanent stay on second AWB case', Media release 10-29AD, 19 February 2010, http://www.asic.gov.au/asic/asic.nsf/byheadline/10-29AD+ASIC+successfully+appeals+permanent+stay+on+second+AWB+case?openDocument, retrieved 28May 2010; Leonie Wood, 'ASIC gets another chance to go after AWB's Lindberg', The Age Business News, 20 February 2010, p. 1.

[55]      ASIC, 'ASIC appeals federal court decision in Fortescue metals group civil penalty proceedings', Media release 10-13AD, 4 February 2010, http://www.asic.gov.au/asic/asic.nsf/byheadline/10-13AD+ASIC+appeals+federal+court+decision+in+Fortescue+metals+group+civil+penalty+proceedings?openDocument, retrieved 28 May 2010.

[56]      ASIC, 'ASIC not to appeal One.Tel decision', Media release 10-34AD, 26 February 2010, http://www.asic.gov.au/asic/asic.nsf/byheadline/10-34AD+ASIC+not+to+appeal+One.Tel+decision?openDocument, retrieved 28 May 2010.

[57]      Mr D'Aloisio, Chair, ASIC, Proof Committee Hansard, 29 April 2010, p. 23.

[58]      ASIC Answer to Question on Notice #4, in Joint Committee on Corporations and Financial Services, Statutory oversight of the Australian Securities and Investments Commission, February 2010.

[59]      ASIC, Answers to questions on notice #5, received 9 June 2010.

[60]      Mr D'Aloisio, Chair, ASIC, Proof Committee Hansard, 29 April 2010, p. 23.

[61]      Mr D'Aloisio, Chair, ASIC, Proof Committee Hansard, 29 April 2010, pp 23–25.

[62]      Mr D'Aloisio, Chair, ASIC, Proof Committee Hansard, 29 April 2010, p. 29.