Footnotes
[1] This information was provided during the Senate
Economics Committee's budget estimates hearing, Committee Hansard, 31 May 2006, pp. 60-80. See also Gary, J. 'Did
ASIC fail over Westpoint', Australian
Financial Review, 26 April 2006, p. 60; Burrell, A. 'Meet Norm Carey,
property spiv', Australian Financial
Review, 7 April 2006, p. 1; Four Corners, Transcript of interview with Jeff Lucy, 8 May 2006.
[2] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 62
[3] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 62
[4] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 62
[5] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 62
[6] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 37
[7] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 37
[8] Senate Economics Committee, Committee Hansard, 31 May 2005, pp. 64-65
[9] Jacobs, M. 'ASIC says loophole ties hands', Australian Financial Review, 16 June
2006, p. 7
[10] Buffini, F. 'ASIC wants Westpoint loophole
closed', Australian Financial Review,
28 June 2006, p. 1
[11] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 27
[12] Joint Corporations and Financial Services Committee,
Committee Hansard, 13 June 2006, p.
26
[13] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 27; Senate Economics Committee, Hansard,
31 May 2006, pp. 67 -73
[14] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 79
[15] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 65
[16] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 30
[17] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 66
[18] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 66
[19] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 27
[20] Committee Hansard,
31 May 2006, pp. 80-83. The schemes referred to are Paridian Property Development
Fund and Sovereign Capital Ltd.
[21] ASIC, 'Survey finds quality of advice on super
still needs improvement' Press release,
6 April 2006
[22] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 23
[23] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 10
[24] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 11
[25] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 13
[26] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 14
[27] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 14
[28] Joint Corporations and Financial Services Committee,
Committee Hansard, 13 June 2006, p.
15
[29] 'ASIC survey damning on super advice', Inside Business transcript of interview,
9 April 2006
[30] ASIC, 'Survey finds quality of advice on super
still needs improvement' Press release,
6 April 2006
[31] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 17
[32] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 18
[33] ASIC website, http://www.asic.gov.au/asic/asic.nsf/byheadline/About+ASIC?opendocument,
accessed 26 June 2006.
[34] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 4
[35] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 21
[36] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 7
[37] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, pp. 7-8
[38] ASIC, Memorandum
of Understanding, 1 March 2006; ASIC, 'New MOU for ASIC and DPP', Press Release, 3 March 2006.
[39] Peter Wood, Australian
Financial Review, 1 June 2006, p. 62
[40] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 32
[41] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 32
[42] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 33
[43] Joint Corporations and Financial Services Committee,
Committee Hansard, 13 June 2006, p.
35
[44] Joint Corporations and Financial Services
Committee, Statutory Oversight of the
Australian Securities and Investments Commission, December 2005. This can
be accessed at http://www.aph.gov.au/senate/committee/corporations_ctte/asic/asic_05_2/index.htm.
[45] Drummond, M. 'Vizard urges resolution of Hilliard
perjury matter', Australian Financial
Review, 9 June 2006, p. 4; Gluyas, R. 'Vizard in spin over claims of
perjury', The Australian, 9 June
2006, p. 3; Wood, L. 'Another episode in the tangled tale of Steve Vizard', The Age, 9 June 2006, p. 2.
[46] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 51
[47] ASIC response to question on notice, Joint
Corporations and Financial Services Committee, Committee Hansard, 13 June 2006, p. 51, see appendix 2.
[48] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 52
[49] Joint Corporations and Financial Services
Committee, Statutory Oversight of ASIC,
December 2005, pp. 6-7
[50] crikey.com.au, Crikey Daily, 22 June 2006.
[51] Letter from My Jeffrey Lucy to Senator Grant
Chapman, 1 August 2006.
[52] Letter from My Jeffrey Lucy to Senator Grant
Chapman, 1 August 2006.
[53] Joint Corporations and Financial Services
Committee, Statutory Oversight of ASIC,
December 2005, p. 8
[54] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 47
[55] Senate Economics Committee, Committee Hansard, 31 May 2006, p. 59.
[56] 'Shameless laugh all the way to the mansion', Sydney Morning Herald, 22 April 2006.
[57] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 2
[58] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 3
[59] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 38
[60] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 39
[61] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 39
[62] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 39
[63] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 39
[64] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 41
[65] See for example Harlowe's Nominees Pty Ltd v Woodside (Lakes Entrance) Oil Co NL
(1968) 121 CLR 483 at 493.
[66] Paraphrasing subsection 180(2) of the Corporations Act 2001.
[67] Department of the Treasury, Corporate and Financial Services Regulatory Review Consultation Paper,
April 2006, p. 10.
[68] Department of the Treasury, Corporate and Financial Services Regulatory Review Consultation Paper,
April 2006, p. 32.
[69] Department of the Treasury, Corporate and Financial Services Regulatory Review Consultation Paper,
April 2006, p. 32.
[70] The Hon Chris Pearce MP, Parliamentary Secretary
to the Treasurer, 'Pearce Announces Progress Towards Simpler Regulatory System
Bill', Press release 028, 14 August 2006,
http://parlsec.treasurer.gov.au/cjp/content/pressreleases/2006/028.asp
(accessed 15 August 2006).
[71] Department of the Treasury, Corporate and
Financial Services Regulatory Review Consultation Paper – Progressing
Consultation Topics, August 2006, p. 9,
www.treasury.gov.au/documents/1138/PDF/Attachment_A__Table_on_Progressing_CFS_Regulation_Review.pdf
(accessed 15 August 2006).
[72] Joint Corporations and Financial Services
Committee, Committee Hansard, 13 June
2006, p. 48
[73] Editorial, 'Red tape pledge can't be trusted', Australian Financial Review, 23 May
2006, p.62.
[74] Joint
Corporations and Financial Services Committee, Committee Hansard, 13 June 2006, p. 48
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