House of Representatives Committees

Standing Committee on Economics, Finance and Public Administration

Reviews of the 1995-96 annual reports of the Reserve Bank of Australia, Australian Securities Commission and the Insurance and Superannuation Commission

Recommendations

1 That the Australian Prudential Regulation Authority be required to appear before the House of Representatives Standing Committee on Financial Institutions and Public Administration at a public hearing once a year to report on prudential supervision of the financial services industry. (paragraph 2.88)

2 In order to encourage private investment in small business enterprises, the Treasurer review the rules governing the issue of prospectuses with a view to reducing the costs and complexity of preparing a prospectus for small and medium companies. (paragraph 3.15)

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