Parliament of Australia:Senate:Committees:Economics Committee:Inquiry into the framework for the market supervision of Australia's stock exchages

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Inquiry into the framework for the market supervision of Australia's stock exchages

11 February 2002

View the report as a single document - (PDF 293KB)

View the report as separate downloadable parts:


The Committee	(PDF 12KB)

Terms of Reference	(PDF 14KB)

Abbreviations	(PDF 10KB)

Preface	(PDF 11KB)

Executive Summary	(PDF 24KB)

Chapter 1 - The framework for the market supervision of Australia’s stock exchanges	(PDF 30KB)
Introduction Australia’s stock exchanges Demutualisation and listing The co-regulatory model of market supervision Corporations Act ASX rules and practices SEATS CHESS Financial Services Reform Act 2001

Chapter 2 - Advantages of the Current Framework	(PDF 23KB)
Introduction Advantages of the current framework IOSCO view

Chapter 3 - Disadvantages and Shortcomings	(PDF 61KB)
Introduction Shortcomings identified by the ASX Transparency issues Potential conflict between supervisory and commercial objectives Availability and commercialisation of information ASX response Standards of listed companies Potential supervisory conflicts of interest Addressing the conflicts of interest issue - ASX Supervisory Review

Chapter 4 - ASX Supervisory Review Pty Ltd	(PDF 40KB)
Role and functions of ASXSR Adequacy of the ASXSR initiative The supervisory structure in the future Conclusions on ASXSR

Chapter 5 - Demutualisation, Listing and Alliances	(PDF 48KB)
Introduction Why form alliances? Obstacles to alliances Potential pitfalls Ownership limits Conclusions

Chapter 6 - Other Frameworks for Market Supervision	(PDF 11KB)
Introduction

Chapter 7 - Effectiveness of Trade Practices Law	(PDF 32KB)
How does trade practices law apply to ASX? Exceptions and authorisations Effects on competition Global competition issues Cross subsidisation and the TPA Conclusions

Appendix 1 - Submissions Received	(PDF 9KB)

Appendix 2 - Public Hearings and Witnesses	(PDF 11KB)

Appendix 3 - Alternative models	(PDF 47KB)

Appendix 4 - Information supplied to the Committee by the ASX	(PDF 36KB)

For further information, contact:

Committee Secretary
Senate Standing Committee on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540

Fax: +61 2 6277 5719

Email: economics.sen@aph.gov.au