House of Representatives
Financial Services Reform Bill 2001
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)FSI, Final Report, p75.
FSI, Final Report, p137-8.
FSI, Final Report, p175.
FSI, Final Report, p176.
Only findings relevant to the FSR Bill are outlined here.
FSI, Final Report, p261.
FSI, Final Report, p271.
As relevant to the FSR Bill.
Recommendations 8 and 9.
Recommendation 13.
Recommendation 15.
Recommendation 19.
Recommendation 21.
Financial Markets and Investment Products.
Financial Products, Service Providers and Markets An Integrated Framework: Consultation Paper.
FSI, Final Report, p1.
ABS, Finance Australia 1999-2000, p25.
AFMA Annual Report; ABS, Australian National Accounts (National Income, Expenditure and Product), Table38.
ABS, Finance Australia 1999, p11.
ABS, Finance Australia 1999-2000, p27.
ABS, Finance Australia 1999-2000, p29.
ABS, Finance Australia 1999-2000, pp33 and 36.
ABS, Finance Australia 1999-2000, p35.
ABS, Finance Australia 1999-2000, p56.
Sydney Futures Exchange.
Australian Stock Exchange.
See discussion of FSI above, paras 1-7.
Submission dated 27 April 2000, p3.
It is through a clearing and settlement facility that the participants to a transaction perform the obligations which that transaction involves. In the case of a facility which handles securities transactions, this will involve the exchange of payment for 'delivery' of the securities; in the case of futures transactions, the facility will also maintain a continuous record of futures market trading. Facilities may be owned by an exchange or be independent of any exchange.