Senator Nick Sherry, Minister for Superannuation and Corporate Law, has announced that the Government has commissioned the Corporations and Markets Advisory Committee to review a range of market practices with a view to further enhancing the integrity and transparency of the Australian market.
These include the use of margin lending by company directors, 'blackout' trading by company directors, the spreading of false rumours and the potential disclosure of market sensitive information at analysts' briefings.
CAMAC is to report its findings to Government on these matters by 30 June, 2009.
