Parliament of Australia:Senate:Committees:Parliamentary Joint Committee on Corporations and Financial Services:Inquiry into Regulation 7.1.29 in Corporations Amendment Regulations 2003 (No. 3), Statutory Rules 2003 No. 85


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Inquiry into Regulation 7.1.29 in Corporations Amendment Regulations 2003 (No. 3), Statutory Rules 2003 No. 85

June 2003

View the report as a single document - (PDF 382KB)

View the report as separate downloadable parts:


Members of the Committee	(PDF 113KB)
Acronyms and Abbreviations

Chapter 1 - Regulation 7.1.29 of Corporations Amendment Regulations 2003 (No. 3)	(PDF 132KB)

Chapter 2 - Review of regulation 7.1.29	(PDF 150KB)
History Overview of the provisions The provisions in detail

Chapter 3 - Review of the evidence and the Committee's conclusions	(PDF 225KB)
Introduction Drafting issues Regulation 7.1.29 and its implications for accountants Why accountants say there should be a licensing carve-out Why the superannuation advice exemption is inappropriate Effect on consumers-the cost and quality of advice Referrals, costs and fragmentation of advice High costs of licensing and flow-throughs to consumers Authorised representative status, accountants' independence and effect on quality of advice The Committee's views Conclusion Regulation 7.1.29 and its implications for lawyers Custodial and depository services Activities associated with 'dealing' Provisos in the regulation The Committee's views

Chapter 4 - The Corporations Amendment Regulations 2003 (No. 3), Statutory Rules 2003 No. 85	(PDF 139KB)
Regulation 7.1.33D Regulation 7.6.01(1)(la) Regulation 12.7.06 Conclusion

Report by Labor Members	(PDF 145KB)

Appendix 1 - Submissions received and additional information	(PDF 104KB)

Appendix 2 - Public hearing and witnesses	(PDF 79KB)

Appendix 3 - Additional information provided by the Department of the Treasury	(PDF 196KB)

For further information, contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
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Australia

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Fax: +61 2 6277 5719

Email: corporations.joint@aph.gov.au

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