The Parliamentary Joint Committee on Corporations and Financial Services has tabled its March 2007 report on its statutory oversight of ASIC.
The report deals with a number of issues raised with ASIC including:
- Simpler regulatory system
- ASIC report on superannuation fees and costs
- Financial planners
- Westpoint
- Educating investors
- Vizard matter
- Cole commission report
- Hedging executive share options
- Listed property trusts
- Private equity
The sole recommendation is "that ASIC continues to seek an amendment to the disclosure requirements in the Corporations Act to increase the $50,000 threshold applying to promissory notes."
