NO.070

Appointment of Member of the Australian Securities and Investments Commission

The Governor-General in Council has today appointed Professor Berna Collier

as a full-time member of the Australian Securities and Investments Commission

(ASIC). The appointment is for three years commencing on 5 November 2001.

Professor Collier will join the ASIC Chairman, Mr David Knott and Deputy Chair,

Ms Jillian Segal, on the Commission, returning its membership to three. Professor

Collier’s skills and experience will be of great benefit to ASIC, particularly

with a number of major corporate investigations currently under way and with

ASIC likely to be involved in the HIH Royal Commission.

Professor Collier is currently Clayton Utz Professor of Commercial Law in the

Faculty of Law at the Queensland University of Technology. She is also Co-Director

of the Centre for Commercial and Property Law, Queensland University of Technology

and a consultant with Clayton Utz, Brisbane. Professor Collier previously practised

law in both Melbourne and Brisbane and has written extensively in relation to

insolvency, corporate and commercial law, and medico-legal practice. She chaired

the Government’s Taskforce on Industry Self-regulation from August 1999 until

August 2000, earning the respect of Taskforce members and stakeholders, and

was recently appointed to the Advisory Board of Axiss Australia.

Additional biographical information is attached.

Professor Collier will be based at ASIC’s Office in Brisbane.

MELBOURNE

13 September 2001

Contact: Niki Savva (03) 9650 0244