Footnotes

Chapter 2 - The bill

[1]        The Regulation Taskforce report can be found at: http://www.regulationtaskforce.gov.au/

[2]        The prudential Acts are the Banking Act 1959, the Insurance Act 1973, the Life Insurance Act 1995 and the Superannuation Industry (Supervision) Act 1993.

[3]        Explanatory Memorandum (EM), p. 3.

[4]        Parliamentary Secretary to the Treasurer, the Hon. Chris Pearce MP, Second reading speech.

[5]        The proposals paper can be found at: http://www.treasury.gov.au/contentitem.asp?NavId=037&ContentID=1199

[6]        The exposure draft of the bill can be found at: http://www.treasury.gov.au/contentitem.asp?NavId=037&ContentID=1259

[7]        See also report of the Parliamentary Joint Committee on Corporations and Financial Services, CLERP (Audit Reform and Corporate Disclosure) Bill 2003, PART 1 - Enforcement, executive remuneration, continuous disclosure, shareholder participation and related matters, 4 June 2004, Chapter 2 - Whistleblowing. https://www.aph.gov.au/senate/committee/corporations_ctte/completed_inquiries/2002-04/clerp9/clerp9p1.pdf

[8]        The review of Part 23 was undertaken in response to a recommendation in the Final Report of the Superannuation Working Group (SWG) into an Issues Paper released by the Government, Options for Improving the Safety of Superannuation, in October 2001. The SWG recommended that the Government should review the operation of Part 23 and consider possible amendments to it once the first decision under Part 23 had been made. The first decision to grant financial assistance under the provisions of Part 23 was made in June 2002.

          The review and the outcomes can be found at: http://www.treasury.gov.au/contentitem.asp?ContentID=858&NavID=037

[9]        EM, p. 92.

Chapter 3 - Issues

[1]        IFSA, Submission 1, p. 2.

[2]        IFSA, Submission 1, p. 2.

[3]        IFSA, Submission 1, p. 3.

[4]        ABA, Submission 2 (supplementary), p. 3.

[5]        Law Council of Australia, Submission 4.

[6]        Chartered Secretaries Australia, Submission 3.

[7]        IFSA, Submission 1, pp 3-4.

[8]        ABA, Submission 2, p. 3.

[9]        IFSA, Submission 1, p. 4.

[10]      ABA, Submission 2, p. 5.

[11]      ABA, Submission 2, pp 5-6.

[12]      ABA, Submission 2, p. 6.

[13]      ABA, Submission 2, p. 7.

[14]      Committee Hansard , 27 July 2007, p. 43.

[15]      Committee Hansard , 27 July 2007, p. 44.

[16]      Committee Hansard , 27 July 2007, pp 44-5.

[17]      Committee Hansard , 27 July 2007, p. 43.

[18]      Committee Hansard , 27 July 2007, pp 43-4.