The opportunities and constraints for Australia to become a centre for the provision of global financial services / Senate Select Committee on Superannuation and Financial Services
- Bib ID:
- 2375930
- Format:
- Book
- Author:
- Australia. Parliament. Senate. Select Committee on Superannuation and Financial Services
- Online Version:
- Description:
-
- [Canberra] : The Committee, 2001
- xxi, 168 p. : ill. ; 25 cm.
- ISBN:
- 0642711208
- Series:
- Parliamentary paper (Australia. Parliament) ; 2001, no. 44
- Summary:
-
Terms of reference: On 22 September 1999 the Senate resolved that: (1) A Select Committee on Superannuation and Financial Services be appointed with effect on and from 11 October 1999, with the same functions and powers as the Select Committee on Superannuation appointed by resolution of the Senate on 5 June 1991, and reappointed on 13 May 1993 and 29 May 1996, except as otherwise provided in this resolution. (2) The committee inquire into matters pertaining to superannuation and financial services referred to it by the Senate and inquire initially into: (a) prudential supervision and consumer protection for superannuation, banking and financial services; 1 (b) the opportunities and constraints for Australia to become a centre for the provision of global financial services; and (c) enforcement of the Superannuation Guarantee Charge; and report on paragraphs (a), (b) and (c) by the last day of sitting in June 2000.* (3) The committee have power to consider and use for its purposes the minutes of evidence and records of the Select Committee on Superannuation appointed in the previous three Parliaments. (4) The committee consist of seven senators, three nominated by the Leader of the Government in the Senate, two nominated by the Leader of the Opposition in the Senate and one nominated by other parties or independent senators. (5) The nomination of the final member to be determined by agreement between the other parties and independent senators and, in the absence of agreement, duly notified to the President, the question of representation on the committee of other parties or independent senators be determined by the Senate. (6) The Senate, by subsequent resolution, appoint a member of the committee as its chair.and Kerry Z
- Full contents:
-
- Executive summary
- Recommendations
- Chapter 1. Introduction
- Background to the inquiry
- Conduct of the inquiry
- Structure of the report
- Acknowledgments
- Chapter 2. Background-globalisation & global financial service centres
- Introduction
- Globalisation of the marketplace
- Financial services within the global economy
- Model of a global financial services centre
- Conclusion
- Chapter 3. Australia's financial sector: the state of play & some competitive advantages
- Australia's financial markets
- Australia's financial services sector-present profile
- Competitive advantages
- Conclusion
- Chapter 4.
- Characteristics of Australia's financial regulatory regime
- A record of change
- The new taxation and regulatory systems: implications for business and consumers
- Conclusion
- Chapter 5. Australia as a global financial services centre: the opportunities
- Niche opportunities for Australia
- Global versus regional opportunities
- Global 'gateway'-services to the Asia-Pacific Region
- Education: the benefits and the opportunities
- Backroom services
- Emissions and electricity trading
- Conclusion
- Chapter 6. Australia as a global financial services centre-the constraints
- Nature of the constraints: an overview
- Taxation issues
- Regulatory issues
- Corporations law issues
- Treatment of expatriate staff
- Conclusion
- Chapter 7. Other issues
- Location
- Size and scale of the Australian market
- Maintenance of financial system integrity and national sovereignty - Rationalisation of clearing houses
- Rationalisation of consultative and representative organisations
- Other matters
- Conclusion
- Chapter 8. Improving Australia's potential as a global financial services centre
- Streamlining access to Australia and its services
- Reaffirmation of Australia's commitment to Asia
- Establishing strategic alliances with other financial markets
- Ensuring an adequate supply of an appropriately educated workforce
- Research and data needs
- Conclusion. by other parti
- Notes:
-
- March 2001.
- At head of title: The Parliament of the Commonwealth of Australia.
- Chair: John Watson.
- Includes bibliographical references.
- Also available on the Internet at: http://www.aph.gov.au/senate/committee/superfinan_ctte/global/global.pdf
- Also available online https://nla.gov.au/nla.obj-1607646804
- Subject:
- Other authors/contributors:
- Watson, John Odin Wentworth, 1937-
- Terms of Use:
- Commonwealth of Australia.
- Copyright:
-
In Copyright
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- Reason for copyright status:
- Until 2051 [Created/Published Date + 50 Years]
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2001
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