Chapter 1 - Scrutiny of annual reports

[1]        ASIC Act 2001, ss. 243(b).

[2]        ASIC Act 2001, Parts 2, 9–12.

[3]        The Hon Lionel Bowen MP, Attorney-General, House of Representatives Hansard, Second Reading Speech, Australian Securities Commission Bill 1988, 25 May 1988, pp. 2990–2991. The ASIC Act predominantly replicates the administrative structure established in the Australian Securities and Investments Commission Act 1989. Section 261 of the ASIC Act 2001 directs that bodies established under the Australian Securities and Investments Commission Act 1989 continue in existence as if they had been established under the ASIC Act 2001.

Chapter 2 - Bodies established under Parts 9–11 of the ASIC Act

[1]        Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 16.

[2]        Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 15.

[3]        Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 16.

[4]        Corporations Act 2001, s. 1292.

[5]        Australian Securities and Investments Commission Act 2001, s. 214.

[6]        Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 6.

[7]        Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 7.

[8]        Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 1; Parliamentary Joint Committee on Corporations and Financial Services, Report on 2015–16 annual reports of bodies established under the ASIC Act, pp. 4–5.

[9]        Insolvency Law Reform Act 2016, Part 23, s. 303.

[10]      Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 4.

[11]      Companies Auditors Disciplinary Board, Annual Report 2016–17, pp. 9–10.

[12]      Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 10.

[13]      Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 7.

[14]      Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 5.

[15]      Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 5.

[16]      Companies Auditors Disciplinary Board, Annual Report 2016–17, p. 5.

[17]      Insolvency law Reform Bill 2015, Explanatory Memorandum, p. 268.

[18]      See Australian Securities and Investments Commission, Report 534 Audit inspection program report for 2015–16, June 2017, p. 4.

[19]      Corporations Act 2001, s. 657A.

[20]      Corporations Act 2001, s. 656A.

[21]      Corporations Act 2001, s. 658C.

[22]      Takeovers Panel, Annual Report 2016–17, p. 7.

[23]      Takeovers Panel, Annual Report 2016–17, p. 13.

[24]      Australian Securities and Investments Commission Act 2001, s. 172.

[25]      Takeovers Panel, Annual Report 2016–17, p. 5.

[26]      Takeovers Panel, Annual Report 2016–17, p. 5.

[27]      Takeovers Panel, Annual Report 2016–17, pp. 5,  20.

[28]      Takeovers Panel, Annual Report 2016–17, p. 20.

[29]      Takeovers Panel, Annual Report 2016–17, p. 5.

[30]      Takeovers Panel, Annual Report 2016–17, p. 5.

[31]      Takeovers Panel, Annual Report 2016–17, p. 21.

[32]      Takeovers Panel, Annual Report 2016–17, p. 22.

[33]      Takeovers Panel, Annual Report 2016–17, p. 23.

[34]      Takeovers Panel, Annual Report 2016–17, p. 25.

Chapter 3 - Bodies established under Part 12 of the ASIC Act

[1]        Australian Securities and Investments Commission Act 2001, s. 224.

[2]        Financial Reporting Council, Annual Report 2016–17, p. 5.

[3]        Australian Securities and Investments Commission Act 2001, s. 225, 227, 227B.

[4]        Australian Securities and Investments Commission Act 2001, s. 50A.

[5]        Australian Securities and Investments Commission Act 2001, ss. 225(2), 225(2A).

[6]        Australian Securities and Investments Commission Act 2001, ss. 225(5)–(8).

[7]        Financial Reporting Council, Annual Report 2016–17, p. 5.

[8]        Section 261 of the ASIC Act directs that bodies established under the Australian Securities and Investments Commission Act 1989 continue in existence as if they had been established under the Australian Securities and Investments Commission Act 2001.

[9]        Financial Reporting Council, Annual Report 2016–17, p. 5.

[10]      Australian Securities and Investments Commission Act 2001, ss. 225(1).

[11]      Australian Securities and Investments Commission Act 2001, ss. 225 (2B)–(2C).

[12]      Australian Securities and Investments Commission Act 2001, ss. 224(b)(ii).

[13]      Australian Securities and Investments Commission Act 2001, ss 225(2), 225 (2A).

[14]      Australian Securities and Investments Commission Act 2001, s. 235B.

[15]      Financial Reporting Council, Annual Report 2016–17, pp. 1, 3.

[16]      Financial Reporting Council, Annual Report 2016–17, p. 4.

[17]      Financial Reporting Council, Annual Report 2016–17, p. 1.

[18]      Financial Reporting Council, Annual Report 2016–17, p. 3.

[19]      Financial Reporting Council, Annual Report 2016–17, p. 11.

[20]      Financial Reporting Council, Annual Report 2016–17, p. 11.

[21]      AASB and AUASB, Annual Report 2016–17, pp. 8–9.

[22]      AASB and AUASB, Annual Report 2016–17, p. 66.

[23]      Public Governance, Performance and Accountability Act 2013, s. 39, 46.

[24]      AASB and AUASB, Annual Report 2016–17, p. 66.

[25]      Section 261 of the ASIC Act directs that bodies established under the Australian Securities and Investments Commission Act 1989 continue in existence as if they had been established under the ASIC Act 2001.

[26]      Australian Securities and Investments Commission Act 2001, s. 227.

[27]      Australian Securities and Investments Commission Act 2001, s. 226A.

[28]      AASB and AUASB, Annual Report 2016–17, p. 10.

[29]      AASB and AUASB, Annual Report 2016–17, p. 16.

[30]      AASB and AUASB, Annual Report 2016–17, p. 17.

[31]      Australian Securities and Investments Commission Act 2001, s. 224, 227A, 227B.

[32]      Australian Securities and Investments Commission Act 2001, s. 227B; Corporations Act 2001, s. 336.

[33]      Australian Securities and Investments Commission Act 2001, s. 227B.

[34]      Australian Securities and Investments Commission Act 2001, s. 227AB.

[35]      AASB and AUASB, Annual Report 2016–17, p. 9.

[36]      AASB and AUASB, Annual Report 2016–17, p. 10.

[37]      AASB and AUASB, Annual Report 2016–17, p. 37.

[38]      AASB and AUASB, Annual Report 2016–17, p. 38.

[39]      AASB and AUASB, Annual Report 2016–17, pp. 40, 44.

Chapter 4 - ASIC's 2016–17 annual report

[1]        House of Representatives, Votes and Proceedings, No. 87–26 October 2017, p. 1226.

[2]        Australian Securities and Investments Commission, answers to questions on notice, 19 February 2018 (received 4 April 2018).

[3]        Public Governance and Resources Legislation Amendment Act (No. 1) 2015, Revised Explanatory Memorandum, pp. 17–18 of 26 http://parlinfo.aph.gov.au/parlInfo/download/legislation/ems/r5402_ems_126da0a5-fac4-4fa7-989e-acfc994bec58/upload_pdf/500599.pdf;fileType=application%2Fpdf, (accessed 6 November 2017).

[4]        Australian Securities and Investments Commission, Annual Report 2016–17, pp. 30–35, 46–61.

[5]        Australian Securities and Investments Commission, Annual Report 2016–17, pp. 36–41, 62–81.

[6]        Australian Securities and Investments Commission, Annual Report 2016–17, pp. 42–43, 82–86.

[7]        ASIC Supervisory Cost Recovery Levy Act 2017, https://www.legislation.gov.au/Details/C2017A00043; ASIC Supervisory Cost Recovery Levy Regulations 2017 [F2017L00805], https://www.legislation.gov.au/Details/F2017L00805

[8]        ASIC Supervisory Cost Recovery Levy Regulations 2017 [F2017L00805], Explanatory Statement, https://www.legislation.gov.au/Details/F2017L00805/Explanatory%20Statement/Text

[9]        ASIC Supervisory Cost Recovery Levy Act 2017.

[10]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 6.

[11]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 6.

[12]      Australian Securities and Investments Commission, Annual Report 2016–17, pp. 4, 34.

[13]      Australian Securities and Investments Commission, Annual Report 2016–17, pp. 4, 22.

[14]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 46.

[15]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 51.

[16]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 53.

[17]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 63.

[18]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 66.

[19]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 69.

[20]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 74.

[21]      Australian Securities and Investments Commission, Annual Report 2016–17, pp. 5, 32.

[22]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 31.

[23]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 31.

[24]      Parliamentary Joint Committee on Corporations and Financial Services, Report on the 2015–16 annual reports of bodies established under the ASIC Act, June 2017, p. 23.

[25]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 51.

[26]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 51.

[27]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 51.

[28]      Australian Securities and Investments Commission, 17-365MR Financial advice firm to pay $1 million penalty for breach of best interests duty, http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-365mr-financial-advice-firm-to-pay-1-million-penalty-for-breach-of-best-interests-duty/ (accessed 13 November 2017).

[29]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 37.

[30]      Parliamentary Joint Committee on Corporations and Financial Services, Report on the 2015–16 annual reports of bodies established under the ASIC Act, June 2017, pp. 22–23.

[31]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 4.

[32]      Australian Securities and Investments Commission, 16-060MR ASIC commences civil penalty proceedings against ANZ for BBSW conduct, http://asic.gov.au/about-asic/media-centre/find-a-media-release/2016-releases/16-060mr-asic-commences-civil-penalty-proceedings-against-anz-for-bbsw-conduct/ (accessed 13 March 2018).

[33]      Australian Securities and Investments Commission, 16-183MR ASIC commences civil penalty proceedings against National Australia Bank for BBSW conduct, http://asic.gov.au/about-asic/media-centre/find-a-media-release/2016-releases/16-183mr-asic-commences-civil-penalty-proceedings-against-national-australia-bank-for-bbsw-conduct/ (accessed 13 March 2018).

[34]      Australian Securities and Investments Commission, 17-393MR ASIC accepts enforceable undertakings from ANZ and NAB to address conduct relating to BBSW, http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-393mr-asic-accepts-enforceable-undertakings-from-anz-and-nab-to-address-conduct-relating-to-bbsw/ (accessed 13 March 2018).

[35]      Australian Securities and Investments Commission, 18-024MR ASIC commences civil penalty proceedings against Commonwealth Bank of Australia for BBSW conduct, http://asic.gov.au/about-asic/media-centre/find-a-media-release/2018-releases/18-024mr-asic-commences-civil-penalty-proceedings-against-commonwealth-bank-of-australia-for-bbsw-conduct/ (accessed 13 March 2018).

[36]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 32; see also footnote 13.

[37]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 51.

[38]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 51.

[39]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 38.

[40]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 38.

[41]      Australian Securities and Investments Commission,, Report 536 ASIC enforcement outcomes: January to June 2017, http://download.asic.gov.au/media/4442431/rep536-published-22-august-2017.pdf (accessed 8 November 2017); ASIC, Report 513 ASIC enforcement outcomes: July to December 2016, http://download.asic.gov.au/media/4175428/rep513-published-8-march-2017.pdf (accessed 8 November 2017).

[42]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 39.

[43]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 60.

[44]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 60.

[45]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 60.

[46]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 4.

[47]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 4.

[48]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 52.

[49]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 52.

[50]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 52.

[51]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 52.

[52]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 52.

[53]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 7; The Treasury, ASIC Enforcement Review, http://www.treasury.gov.au/ConsultationsandReviews/Reviews/2016/ASIC-Enforcement-Review (accessed 11 May 2017).

[54]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 7.

[55]      The Treasury, ASIC Enforcement Review, http://www.treasury.gov.au/ConsultationsandReviews/Reviews/2016/ASIC-Enforcement-Review (accessed 11 May 2017).

[56]      The Treasury, Australian Government response to the ASIC Enforcement Review, https://treasury.gov.au/publication/p2018-282438/ (accessed 1 May 2018).

[57]      Financial System Inquiry 2015, Final Report, pp. 206–212.

[58]      Treasury Proposals Paper, Design and Distribution Obligations and Product Intervention Power, December 2016, p. 3.

[59]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 8.

[60]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 8.

[61]      Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2017—Exposure Draft, https://static.treasury.gov.au/uploads/sites/1/2017/12/c2017-t247556-Exposure-Draft.pdf; Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2017—Exposure Draft Explanatory Memorandum, https://static.treasury.gov.au/uploads/sites/1/2017/12/c2017-t247556-Explanatory-Memorandum.pdf

[62]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 69.

[63]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 69; see also Australian Securities and Investments Commission, Report 534 Audit inspection program report for 2015–16, June 2017, http://download.asic.gov.au/media/4331127/rep534-published-29-june-2017.pdf (accessed 15 November 2017).

[64]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 69.

[65]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 69.

[66]      Financial Reporting Council, Annual Report 2016–17, p. 17.

[67]      Financial Reporting Council, Annual Report 2016–17, p. 20.

[68]      Corporations Amendment (Professional Standards of Financial Advisers) Act 2017, https://www.legislation.gov.au/Details/C2017A00007

[69]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 52.

[70]      Australian Government response to the Parliamentary Joint Committee on Corporations and Financial Services report, Inquiry into proposals to lift the professional, ethical and education standards in the financial services industry, December 2014 (tabled 8 August 2017) https://www.aph.gov.au/Parliamentary_Business/Committees/Joint/Corporations_and_Financial_Services/Financial_Adviser_Qualifications/Additional_Documents (accessed 14 November 2017).

[71]      Australian Securities and Investments Commission, RG 126: Licensing: Training of financial product advisers, July 2012, pp. 5 and 20, http://download.asic.gov.au/media/1240766/rg146-published-26-september-2012.pdf, (accessed 15 March 2018).

[72]      Corporations Amendment (Professional Standards of Financial Advisers) Act 2017, Part 1, Division 8A, Subdivision A, Section 921B(3), https://www.legislation.gov.au/Details/C2017A00007.

[73]      Corporations Amendment (Professional Standards of Financial Advisers) Act 2017, ss. 1546B(1).

[74]      Treasury, Financial Adviser Standards and Ethics Authority Limited (FASEA), https://treasury.gov.au/programs-and-initiatives-banking-and-finance/financial-adviser-standards-and-ethics-authority-limited-fasea/ (accessed 15 March 2018).

[75]      Treasury, Financial Adviser Standards and Ethics Authority Limited (FASEA), https://treasury.gov.au/programs-and-initiatives-banking-and-finance/financial-adviser-standards-and-ethics-authority-limited-fasea/ (accessed 15 March 2018).

[76]      Corporations Amendment (Professional Standards of Financial Advisers) Act 2017, ss. 921D(2).

[77]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 68; Australian Government, Combatting illegal phoenixing, Consultation paper, September 2017, pp v and 1, https://static.treasury.gov.au/uploads/sites/1/2017/09/170928-final-Phoenixing-Consultation-Paper-1.pdf (accessed 1 May 2018).

[78]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 68.

[79]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 68; see also Commonwealth Serious Financial Crime Taskforce, https://www.acic.gov.au/about-crime/taskforces/commonwealth-serious-financial-crime-taskforce (accessed 1 May 2018) and Australian Tax Office, Phoenix Taskforce, https://www.ato.gov.au/General/The-fight-against-tax-crime/Our-focus/Illegal-phoenix-activity/Phoenix-Taskforce/?=redirected (accessed 23 January 2018).

[80]      Department of the Treasury, Reforms to address illegal phoenix activity, https://treasury.gov.au/consultation/c2017-t221952/ (accessed 23 January 2018).

[81]      Australian Securities and Investments Commission, Report 523: ASIC's Innovation Hub and our approach to regulatory technology, http://download.asic.gov.au/media/4270022/rep523-published-26-may-2017.pdf p. 5.

[82]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 79.

[83]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 79.

[84]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 81.

[85]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 79.

[86]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 80.

[87]      Australian Securities and Investments Commission, Regtech, http://asic.gov.au/for-business/your-business/innovation-hub/regtech/, (accessed 19 April 2018).

[88]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 80.

[89]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 80.

[90]      Australian Securities and Investments Commission, 17-429MR ASIC’s regulatory sandbox proposal to remain unchanged, http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-429mr-asic-s-regulatory-sandbox-proposal-to-remain-unchanged/ (accessed 16 January 2018).

[91]      Consultation Paper 297, Retaining ASIC’s fintech licensing exemption, 12 December 2017, http://download.asic.gov.au/media/4570456/cp297-published-12-december-2017.pdf (accessed 16 January 2017).

[92]      Treasury Laws Amendment (Measures for a later sitting) Bill 2017, https://treasury.gov.au/consultation/c2017-t230052/, (accessed 19 April 2018).

[93]      Australian Securities and Investments Commission, Retaining ASIC's fintech licensing exemption, Consultation Paper 297, 12 December 2017, http://download.asic.gov.au/media/4570456/cp297-published-12-december-2017.pdf (accessed 16 January 2017).

[94]      Australian Securities and Investments Commission, Retaining ASIC's fintech licensing exemption, Consultation Paper 297, 12 December 2017, pp. 7–8.

[95]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 35.

[96]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 35.

[97]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 187.

[98]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 96.

[99]      Australian Securities and Investments Commission, Annual Report 2016–17, p. 97.

[100]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 97.

[101]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 97.

[102]    Australian Securities and Investments Commission, Annual Report 2016–17, pp. 35, 97.

[103]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 97.

[104]    Australian Securities and Investments Commission, Apply for relief, https://asic.gov.au/about-asic/dealing-with-asic/apply-for-relief/ (accessed 24 July 2018).

[105]    Australian Securities and Investments Commission, Information Sheet 82: Apply for relief, http://asic.gov.au/about-asic/dealing-with-asic/apply-for-relief/, (accessed 19 April 2018).

[106]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 9.

[107]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 9.

[108]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 9; Parliamentary Joint Committee on Corporations and Financial Services, Report on the
2015–2016 annual reports of bodies established under the ASIC Act, p. 27.

[109]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 9.

[110]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 9.

[111]    Parliamentary Joint Committee on Corporations and Financial Services, Report on the 2015–2016 annual reports of bodies established under the ASIC Act, pp. 27–28.

[112]    Australian Government response to the Parliamentary Joint Committee on Corporations and Financial Services Report on the 2015–2016 annual reports of bodies established under the ASIC Act, p. 1.

[113]    Australian Government response to the Parliamentary Joint Committee on Corporations and Financial Services Report on the 2015–2016 annual reports of bodies established under the ASIC Act, p. 1.

[114]    Australian Government response to the Parliamentary Joint Committee on Corporations and Financial Services Report on the 2015–2016 annual reports of bodies established under the ASIC Act, pp. 1–2.

[115]    Australian Government response to the Parliamentary Joint Committee on Corporations and Financial Services Report on the 2015–2016 annual reports of bodies established under the ASIC Act, p. 2.

[116]    Australian Government response to the Parliamentary Joint Committee on Corporations and Financial Services Report on the 2015–2016 annual reports of bodies established under the ASIC Act, p. 1.

[117]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 192.

[118]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 33.

[119]    Australian Securities and Investments Commission and EY, Australian Financial Attitudes and Behaviour Tracker, Key Findings Report: Wave 5 – March 2017, p. 5.

[120]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 33.

[121]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 25.

[122]    Australian Securities and Investments Commission, Annual Report 2016–17, pp. 24, 30.

[123]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 59.

[124]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 25.

[125]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 117.

[126]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 117.

[127]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 26.

[128]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 26.

[129]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 108; Australian Securities and Investments Commission, Annual Report 2015–16, p. 105.

[130]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 116.

[131]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 112.

[132]    Australian Securities and Investments Commission, Annual Report 2016–17, p. 113.