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Reforms to the Supervision of Australia’s Financial Markets - Exposure Draft and Consultation Paper

Date:

Wednesday, 2 December 2009

Content ID:

1673

Abstract:

In August 2009 the Treasurer and the Minister for Financial Services, Superannuation and Corporate Law announced that the Government has decided to provide for the Australian Securities and Investments Commission (ASIC) to perform supervision of real-time trading on Australia's domestic licensed markets. The exposure draft seeks comments on proposed changes to the Corporations Act 2001 to: provide for ASIC to supervise domestically licensed financial markets, create a new rule making power for ASIC and provide additional powers for ASIC to enforce these rules. The consultation paper seeks comments on some aspects of financial market supervision which would benefit from public consultation.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically, by post or by facsimile, electronic lodgment is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. A request made under the Freedom of Information Act 1982 (Commonwealth) for a submission marked 'confidential' to be made available will be determined in accordance with that Act.

Closing date for submissions: Thursday, 24 December 2009

Address written submissions to:
Manager
Market Integrity Unit
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: marketsupervision@treasury.gov.au

For enquiries, please call Marian Kljakovic (02) 6263 2804.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  34.14kb
Consultation Paper  52.51kb

Related Items:

Submissions: Reforms to the Supervision of Australia's Financial Markets - Exposure Draft and Consultation Paper - 18/01/2010

Treasury received 22 submissions in response to the consultation on Reforms to the Supervision of Australia's Financial Markets. There were 17 public submissions, and five confidential submissions. The submissions that do not contain confidential material are listed below and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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