NO.108

APPOINTMENT OF MEMBER OF THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC)

Following consultation with the members of the Ministerial Council for Corporations, it is the Australian Government’s intention to recommend to the Governor‑General that Mr Tony D’Aloisio be appointed as a full-time member (Commissioner) of ASIC for three years.

Mr D’Aloisio has extensive public and private sector experience and has been involved in business policy and regulation.  He has most recently held the position of Managing Director and Chief Executive Officer of the Australian Stock Exchange Limited and, prior to that, was Chief Executive of a major Australian law firm having also extensively practised in corporate law with that firm.

Mr D’Aloisio’s mix of skills and commercial experience will be of particular benefit to ASIC and will complement and further strengthen the current ASIC team comprised of Chairman Jeffrey Lucy and Deputy Chairman Jeremy Cooper.

This proposed appointment will fill the vacancy that was created by the resignation of Professor Berna Collier in February 2006.

It is the Australian Government’s intention to recommend the appointment on 1 November 2006, with a view to the proposed three year term based in Sydney commencing on 22 November 2006.

MELBOURNE

5 October 2006

Contact:

Renae Stoikos 03 9650 0244