Recent years have seen a trend in many jurisdictions towards the adoption of short-form disclosure documents for retail financial products. This has been noted by the International Organization of Securities Commissions (IOSCO) in a recent consultation report on retail structured products, which stated as follows: Regulatory tool: Consistent with their respective legal frameworks, IOSCO members...

This report presents the results of a study examining superannuation knowledge, behaviour and attitudes in 994 young adult superannuation fund members (25-34 years old) in Australia. Respondents completed a 75 question online survey instrument which included questions on demographics and superannuation knowledge, behaviour and attitudes. It is the first large-scale study to focus exclusively on...

This paper examines the corporate governance implications of securities loans, in particular the impact of securities loans on shareholders’ voting rights and the control of listed Australian companies. The paper considers whether the current regulatory framework for securities loans in Australia adequately addresses the concerns associated with securities loans and whether reform is required in...

This paper examines the legal structure of securities lending in Australia, and also Europe, the United Kingdom and United States. It provides an analysis of the widely used industry documents, the Australian Master Securities Lending Agreement and the Global Master Securities Lending Agreement (GMSLA). It outlines the regulation of securities lending and short selling, including...

Professor Ian Ramsay of Melbourne University examines the effectiveness of the ABA’s existing enforcement powers and makes proposals to enable the ABA to deal more effectively with breaches of the rules.