Corporations and Financial Services


Corporations and Financial Services

1 July 2009 - 31 December 2009

Matters Current as at 1 July 2009
Matters Referred during period
Reports tabled that discharge a reference**
Current Inquiries as at 31 December 2009
Joint Statutory 3 0 2+(1) 1

Number and Hours of Meeting
Public
Hrs
Public Estimates
Hrs
Private
Hrs
Insp/Other
Hrs
Total Meetings
Total Hours
Joint Statutory 10 66:55 0 0:00 12 7:14 0 0:00 22 74:09

Meetings by State
ACT NSW VIC TAS SA WA NT QLD
Joint Statutory 16 1 2 0 0 0 0 3

Witnesses
Hansard Pages
Televised hearings
Estimates
Other (Bills)
General
Estimates
Other (Bills)
General
No. of submissions
No. of Pages
Government Responses
Joint Statutory 5 0 0 126 0 0 915 370 2307 2

** report that did not discharge a reference

 

Corporations and Financial Services (Joint Statutory)

1 July 2009 to 31 December 2009

Method of appointment

Pursuant to section 241 of the Australian Securities and Investments Commission Act 2001; appointed 14 February 2008

Current members

Date of appointment

Mr Bernie Ripoll, MP (Oxley, QLD, ALP)
(elected Chair on 12.03.08)

11.03.08

Senator the Hon Brett Mason (QLD, LP)
(elected Deputy Chair on 17.10.08)

15.10.08

Senator Sue Boyce (QLD, LP)

14.02.08

Senator Don Farrell (SA, ALP)

16.03.09

Senator the Hon Jan McLucas (QLD, ALP)

24.06.09

Ms Sharon Grierson, MP (Newcastle, NSW, ALP)

11.03.08

Ms Julie Owens, MP (Parramatta, NSW, ALP)

11.03.08

The Hon Chris Pearce, MP (Aston, VIC, LP)

10.11.08

Mr Stuart Robert, MP (Fadden, QLD, LP)

12.03.08
     

Former members

Term of appointment

Senator Mark Arbib (NSW, ALP)

01.07.08–10.03.09

Senator Grant Chapman (SA, LP)

14.02.08–30.06.08

Senator the Hon Helen Coonan (NSW, LP)

01.07.08–13.10.08

Mr Michael Keenan, MP (Stirling, WA, LP)

12.03.08–10.11.08

Senator Linda Kirk (SA, ALP)

14.02.08–30.06.08

Senator Andrew Murray (WA, AD)

14.02.08–30.06.08

Senator Ruth Webber (WA, ALP)

14.02.08–30.06.08

Senator Gavin Marshall (VIC, ALP)

01.07.08–24.06.09

Senator John Williams (NSW, NATS)[1]

10.03.09–24.11.09

Inquiries

As at 1 July 2009

  • Oversight of the operations of the Australian Securities and Investments Commission (continuing)
  • Financial products and services in Australia (adopted 25 February 2009)

Reference varied 16 March 2009 to include the investigation of the involvement of the banking and finance industry in providing finance for investors in and through Storm Financial, Opes Prime and other similar businesses, and the practices of banks and other financial institutions in relation to margin lending associated with those businesses.

  • Agribusiness managed investment schemes (adopted 27 May 2009)

Current inquiries

As at 31 December 2009

  • Oversight of the operations of the Australian Securities and Investments Commission (continuing)

New references

1 July 2009–31 December 2009

  • Nil

Public hearings

1 July 2009–31 December 2009

  • Aspects of agribusiness managed investment schemes—15 July 2009, Canberra
  • Financial Products and Services in Australia—26 August 2009, Melbourne; 28 August 2009, Canberra; 1 September 2009, Cairns QLD; 2 September 2009, Townsville, QLD; 3 September 2009, Brisbane; 4 September 2009, Sydney; 16 September and 28 October 2009, Canberra
  • Oversight of ASIC—25 November 2009, Canberra

Reports tabled

1 July 2009–31 December 2009

  • Aspects of agribusiness managed investment schemes (tabled 7 September 2009)
  • Statutory oversight of the Australian Securities and Investments Commission (tabled 14 September 2009)
  • Financial products and services in Australia (tabled 23 November 2009)

Government responses

1 July 2009–31 December 2009

  • Aspects of the regulation of proprietary companies (presented out of session on 16 July 2009; tabled 11 August 2009; report tabled 8 March 2001)
  • Opportunity not opportunism: Improving conduct in Australian franchising (presented out of session on 5 November 2009, tabled 16 November 2009; report tabled 1 December 2008)

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