CCLSR Achievements

• Professor Ian Ramsay reappointed to the Takeovers Panel
                 
  The Minister for Superannuation and Corporate Law has announced that Professor Ian Ramsay has been reappointed to the Takeovers Panel 
  
  The Minister's media release             

• Professor Ian Ramsay appointed to the ASIC External Advisory Panel
  
  In January 2009, Professor Ian Ramsay was appointed to the Australian Securities and Investments Commission External Advisory Panel. The purpose of the Panel (which is a new body) is to provide ASIC with “very senior advice from the financial services industry in order to help ASIC meet its statutory objectives. The Panel will assist ASIC in gaining a deeper understanding of developments and systemic risks within the financial services industry which are likely to have implications for:
  
  

  (a) the integrity of capital markets:
  (b) consumers of financial services and products and investors:
  (c) international capital flows; and
  (d) systemic stability within the financial system.”

• Professor Ian Ramsay appointed expert advisor to the Parliament of Victoria Scrutiny of Acts and Regulations Committee 
  
  In 2008, Professor Ian Ramsay was appointed an expert advisor to the Parliament of Victoria Scrutiny of Acts and Regulations Committee and provided advice to the Committee in relation to its inquiry into the repeal of certain corporations law

• ASIC Honours Corporate Law Academics
  
  
  
  
  The Australian Securities and Investments Commission (ASIC) has named rooms in its new Victorian offices after Professor Ian Ramsay, Director of the Centre for Corporate Law and Securities Regulation at the University of Melbourne (pictured with ASIC Chairman, Mr Jeffrey Lucy) and Emeritus Professor Harold Ford, former Dean of the University of Melbourne Law School. The rooms are two of several meeting rooms at the recently-opened premises named after "prominent Victorians who have made a significant contribution to the life of ASIC or to corporate law, regulatory reform or business".
  
  For further information about the individuals who have had rooms named after them, click here 
  
  
• Professor Ian Ramsay reappointed to the Corporations and Markets Advisory Committee
  
  The Minister for Superannuation and Corporate Law has announced that Professor Ian Ramsay has been reappointed to the Corporations and Markets Advisory Committee
  
  - The Minister's media release

• Professor Ian Ramsay reappointed to the Companies Auditors and Liquidators Disciplinary Board
  
  The Commonwealth Treasurer has announced that Professor Ian Ramsay has been reappointed to the Companies Auditors and Liquidators Disciplinary Board.
  
  - Treasurer's media release
   
• Establishment of the Audit Quality Review Board (of which Professor Ian Ramsay is a member)

• Establishment of the Federal Government's Personal Property Securities Consultative Group (of which Dr Paul Ali is a member)
  
  
• Establishment of the Chartered Secretaries Governance Professional of the Year Judging Committee (of which Professor Ian Ramsay is a member)
   
• Report by Professor Ian Ramsay for the Australian Communications and Media Authority on reform of the Authority's enforcement powers
  
  Communications Legislation Amendment (Enforcement Powers) Act 2006 which enacts the key recommendations in Professor Ramsay's report
  
  - Explanatory Memorandum to the Communications Legislation Amendment (Enforcement Powers) Bill 2006 
  
  - Parliamentary Library analysis of the Communications Legislation Amendment (Enforcement Powers) Bill 2006
  
  - House of Representatives Debate on the Communications Legislation Amendment (Enforcement Powers) Bill 2006 (10 October 2006)
  
  Earlier developments relating to the report
  
  - Government announcement of new enforcement powers based upon Professor Ramsay's report (July 2006)
  
  - Government announcement of public consultation regarding proposed reforms based upon Professor Ramsay's report (November 2005)
  
  - Media release of the Minister for Communications, Information Technology and the Arts (November 2005)
  
  - Government issues paper outlining the proposed reforms (November 2005)
  
  - Professor Ramsay's report
  
  - Media commentary on the government announcement 

• Corporate governance and regulation roundtable
  
  -The Age Newspaper Roundtable on corporate governance and regulation featuring Professor Ian Ramsay; Graeme Samuel, ACCC Chairman; Charles Macek, Company Director and Michael O'Sullivan, Australian Council of Superannuation Investors President
  
  
• Disclosure of fees in superannuation and other managed investments
  
  Report of the Parliamentary Joint Committee on Corporations and Financial Services on the Corporations Amendment Regulations (March 2004) which draws upon the submission of Professor Ian Ramsay  
  
  
• Report for the Government on Independence of Auditors
  
  Australian Prudential Regulation Authority proposes new auditor independence requirements based on the Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (which enacts key recommendations in Professor Ramsay's report on auditor independence)
  
  - Governance for APRA-regulated institutions, Discussion Paper (May 2005)
  
  Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 which enacts key recommendations in Professor Ramsay's report on auditor independence
  
  - Media release of the Parliamentary Secretary to the Treasurer
  - Media Release of the Parliamentary Joint Commitee on Corporations and Financial Services relating to the report on the Bill 
  - Report of the Parliamentary Joint Commitee on Corporations and Financial Services on the Bill
  - Treasurer's first and second reading speech in the House of Representatives (4 December 2003)
  - Appearance of Professor Ian Ramsay before the Parliamentary Joint Committee on Corporations and Financial Services in relation to its inquiry into the Bill (March 2004) - transcript of evidence
• Enactment of the Financial Services Reform Amendment Act 2003 to require dollar disclosure of fees as recommended in Professor Ramsay's report on disclosure of fees in managed investments
  
  - Senate debate on the Financial Services Reform Bill 2003 (4 December 2003)
  - Report of the Senate Economics Legislation Committee on the Financial Services Reform Amendment Bill 2003 and Certain Associated Regulations (December 2003)
   
• Report by Professor Ian Ramsay  for the Financial Planning Association on disclosure of fees by financial advisers
  
  - Financial Planning Association media release
  - Media commentary on appointment
  
  Financial Planning Association developments following consideration of Professor 
  Ramsay's report
  
  - FPA proposes principles for managing conflicts of interest (April 2005)
  - FPA guide on rebates and commissions (November 2004)
  - FPA code of practice on soft dollar benefits (July 2004)
  
  
• Australian Securities and Investments Commission releases fee disclosure model based on Professor Ian Ramsay's report on disclosure of fees and charges in managed investments
  
  - ASIC media release and fee disclosure model
  - Media commentary on the fee disclosure model
  
  
• Release of report "Rebuilding Public Confidence in Financial Reporting" by the International Taskforce commissioned by the International Federation of Accountants (of which Professor Ian Ramsay was a member)
  
  - International Federation of Accountants media release
  - International Taskforce report
  - Media commentary on the report
  - Institute of Chartered Accountants in England and Wales media release
  - Institute of Chartered Accountants in Australia and CPA Australia joint media release