Footnotes

Chapter 1 - Introduction and conduct of the Inquiry

[1]        Australian Government, Mid-Year Economic and Fiscal Outlook 2012-13, pp. 10, 46, 277-78. Available at http://www.budget.gov.au/2012-13/content/myefo/download/2012-13_MYEFO.pdf.

[2]        Explanatory Memorandum, Treasury Legislation Amendment (Unclaimed Money and Other Measures) Bill 2012, p. 3.

Chapter 2 - Overview of the Bill

[1]        Department of the Treasury, Submission 10, p. 3.

[2]        Superannuation Industry (Supervision) Regulations 1994, Regulation 1.03A. Available at http://www.comlaw.gov.au/Details/F2012C00564.

[3]        The Hon Bernie Ripoll MP, Parliamentary Secretary to the Treasurer, Proof House of Representatives Hansard, 30 October 2012, p. 54.

[4]        Explanatory Memorandum, p. 17.

[5]        The Hon Bernie Ripoll MP, Proof House of Representatives Hansard, 30 October 2012, p. 54.

[6]        The Hon Bernie Ripoll MP, Proof House of Representatives Hansard, 30 October 2012, p. 55.

[7]        The Hon Bill Shorten MP and the Hon David Bradbury MP, Amount of Lost and Unclaimed Super Falls for the First Time, 29 October 2012, http://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2012/071.htm&pageID=003&min=brs&Year=&DocType=0. 

Chapter 3 - Views on the Bill

[1]        Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 17; and Treasury, Submission 10, p. 1.

[2]        Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 17; and Treasury, Submission 10, p. 1.

[3]        CHOICE, Submission 8, p. 1.

[4]        ABA, Submission 7, p. 2; CBA, Submission 13, p. 1; and AFA, Submission 12, p. 3.

[5]        CBA, Submission 13, p. 1.

[6]        Abacus, Submission 2, p. 3-4; CBA, Submission 13, p. 1;  and Mr Steven Münchenberg, Proof Committee Hansard, p. 12.

[7]        Abacus, Submission 2, pp. 2-3.

[8]        ING Direct, Submission 11, pp. 1-2

[9]        CBA, Submission 13, p. 2.

[10]      AFA, Submission 12, p. 3.

[11]      Mr Justin Douglas, Treasury, Proof Committee Hansard, p. 15.

[12]      Treasury, Submission 10, pp. 4-5, 13.

[13]      Treasury, Submission 10, p. 5.

[14]      ABA, Submission 7, pp. 2-3; CBA, Submission 13, p. 2; Abacus, Submission 2, pp. 6-8

[15]      Abacus, Submission 2, p. 9.

[16]      Abacus, Submission 2, p. 9; ING Direct, Submission 11, p. 2; CBA, Submission 13, p. 2.

[17]      Mr Steven Münchenberg, ABA, Proof Committee Hansard, p. 10.

[18]      Mr Justin Douglas, Treasury, Proof Committee Hansard, p. 16.

[19]      ABA, Submission 7, p. 5; Abacus, Submission 2, pp. 4-6; ING Direct, Submission 11, p. 3; and CBA, Submission 13, p. 1-2.

[20]      ABA, Submission 7, p. 1.

[21]      Abacus, Submission 2, p. 5.

[22]      Mr Steven Müchenberg, ABA, Proof Committee Hansard, p.7. Also see CBA, Submission 13, p. 1; and ING Direct, Submission 11, p. 1.

[23]      Abacus, Submission 2, p. 5.

[24]      Abacus, Submission 2, p. 5.

[25]      Mr Steven Müchenberg, ABA, Proof Committee Hansard, p.8-9.

[26]      Treasury, Submission 10, p. 6.

[27]      Mr Justin Douglas, Treasury, Proof Committee Hansard, p. 19.

[28]      Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 13.

[29]      Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 18; Treasury, Submission 10, pp. 7-8.

[30]      ICAA, Submission 9, p. 2.

[31]      Mercer, Submission 5, p. 3.

[32]      AIST, Submission 6, p. 5.

[33]      AIST, Submission 6, p. 3.

[34]      Mr David Haynes, AIST, Proof Committee Hansard, p. 2.

[35]      Mr Blake Briggs, FSC, Proof Committee Hansard, p.2.

[36]      ASFA, Submission 1, p. 6.

[37]      FSC, Submission 4, p. 3-4.

[38]      AIST, Submission 6, p. 6.

[39]      Mr David Haynes, AIST, Proof Committee Hansard, p. 2; and AIST, Submission 6, pp. 6-7. ASFA makes similar recommendation. ASFA, Submission 1, p. 9.

[40]      AIST, Submission 6, p. 6.

[41]      Ms Fiona Galbraith, ASFA, Proof Committee Hansard, p. 2.

[42]      Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 14.

[43]      Ms Ruth Gabbitas, Treasury, Proof Committee Hansard, p. 18; and Treasury, Submission 10, pp. 8-9.

[44]      ASFA, Submission 1, p. 8.

[45]      Mercer, Submission 5, p. 5.

[46]      Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 14.

[47]      Treasury, Submission 10, p. 8.

[48]      AFA, Submission 12, p. 3; Mercer, Submission 5, p. 4. 

[49]      ASFA, Submission 12, p. 9.

[50]      Explanatory Memorandum, p. 17.

[51]      AFA, Submission 12, p. 3.

[52]      Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 15.

[53]      Mr Paul Tilley, Treasury, Proof Committee Hansard, p. 17.

[54]      Mr David Haynes, AIST, Proof Committee Hansard, p. 5.

Coalition Senators' Dissenting Report

[1]http://assistant.treasurer.gov.au/DisplayDocs.aspx?doc=speeches/2012/012.htm&pageID=005&min=djba&Year=&DocType

[2]        ABA, Submission 7, p. 5.

[3]        Mr Steven Münchenberg, Australian Bankers’ Association, Proof of Committee Hansard, p. 7.

[4]        Commonwealth Bank of Australia, Submission 13, p. 2.

[5]        ING Direct, Submission 11, p. 2.

[6]        http://www.bernieripoll.com.au/blog/?p=78&utm_source=dlvr.it&utm_medium=twitter

[7]        ABA, Submission 7, p. 3.

[8]        Superannuation Industry (Supervision) Regulations 1994, Regulation 1.03A, http://www.comlaw.gov.au/Details/F2012C00564.

[9]        The Hon Bernie Ripoll MP, Parliamentary Secretary to the Treasurer, Proof House of Representatives Hansard, 30 October 2012, p. 54.

[10]      Explanatory Memorandum, p. 17.

[11]      ICAA, Submission 9, p. 2.

[12]      Mr Ross Clare, ASFA, Proof of Committee Hansard, p. 3.

[13]      Mercer, Submission 5, p. 5.

[14]      Mr Ross Clare, ASFA, Proof of Committee Hansard, p. 6.

[15]      ICAA, Submission 9, p. 2.