A speech by Peter Kell, Deputy Chairman, Australian Securities and Investments Commission to the Parliament Joint Committee on Corporations & Financial Services (Oversight of the Australian Securities and Investments Commission) on 21 June 2013.
...In my brief opening statement I鈥檇 like to address three issues.
Commonwealth Financial Planning
The Senate yesterday voted to hold an inquiry into ob体育, in part prompted by commentary on our enforcement action against Commonwealth Financial Planning (CFP) several years ago.
ob体育 welcomes the inquiry and looks forward to the opportunity of providing the inquiry with substantial information on what we do, what we have achieved and what we seek to achieve.
...
Kagara
The Sydney Morning Herald鈥揟he AGE has published a number of articles on failed miner Kagara and ob体育鈥檚 handling of a financial reporting 鈥榳aiver鈥� request (or 鈥榬elief request鈥�) for the company.
...
Unclaimed money
Finally, I鈥檇 like to briefly update the Committee on the Unclaimed Money program.
In December last year, the definition of unclaimed money changed from accounts not accessed in seven years to accounts not accessed in three years.
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