NO.031

Proposed Appointments of Mr Tony D’Aloisio as Chairman and Mr Jeffrey Lucy am as a Commissioner of the Australian Securities and Investments Commission (ASIC)

I have written to the States and Territories proposing the appointment of Mr Tony D’Aloisio to the position of Chairman of ASIC and Mr Jeffrey Lucy AM to the position of Commissioner of ASIC.  Under the Corporations Agreement the Commonwealth is requested to consult with the States and Territories on these appointments.

Mr D’Aloisio was appointed as a full-time Commissioner of ASIC on 22 November 2006 for a three-year term.  Mr D’Aloisio has extensive public and private sector experience and has been involved in business policy and regulation for over 30 years.  He has recently held the position of Managing Director and Chief Executive Officer of the Australian Stock Exchange.  In addition, he has practised law and has been a managing partner of a major Australian law firm.  It is proposed that Mr D’Aloisio be appointed as Chairman for a four-year period commencing 13 May 2007.

Mr Lucy commenced with ASIC in 2003 as a Commissioner, became the acting ASIC Chairman at the end of 2003 and was appointed Chairman in 2004.  Mr Lucy is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants in Australia (ICAA), the National Institute of Accountants and the Australian Institute of Company Directors.  He was made a Member of the Order of Australia for his contribution to the accounting profession, particularly through the ICAA and to the business sector as an adviser on corporate and taxation reform.  It is now proposed that Mr Lucy be appointed as a Commissioner for a two-year period commencing 13 May 2007.

Mr Jeremy Cooper was appointed as Deputy Chairman of ASIC on 12 July 2004 for a five-year term. 

I am delighted that Mr Lucy has agreed to continue his valued service to the Commission as a Commissioner based in Adelaide.  The continued service of Mr Lucy and the appointment of Mr D’Aloisio as Chairman will ensure continuity with the operation of the Commission.

MELBOURNE

27 April 2007

Contact:

Renae Stoikos

03 9650 0244