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Development of the Retail Corporate Bond Market: Streamlining Disclosure and Liability Requirements

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Discussion Paper

Key Documents

The Deputy Prime Minister and Treasurer has released a discussion paper regarding proposals aimed at developing the Australian retail corporate bond market by streamlining disclosure and liability requirements under the Corporations Act 2001.

The paper invites discussion on the proposition that the retail corporate bond disclosure and liability regime should facilitate a sustainable corporate bond market by:

  • Reducing the regulatory burden on/barriers to issuance facing potential issuers while maintaining appropriate investor protection;
  • Ensuring that investors are made aware of the key features and risks associated with buying a particular bond from a particular company (noting that bonds will be made available to both existing and new investors in the company), while reducing the complexity of prospectuses and making them easier for investors to understand; and
  • Ensuring that there is an appropriate liability regime in place which balances investor protection against ensuring that directors are not unduly burdened.

Submissions

34 submissions were received for this consultation, including 4 confidential submissions.

Abacus - pdf 695.63 KB
ANZ - pdf 49.25 KB
ANZ - Attachment - pdf 78.39 KB
ASX - pdf 60.06 KB
Australia Ratings - pdf 361.61 KB
Baker and McKenzie - pdf 122.74 KB
Business SA - pdf 341.75 KB
Challenger - pdf 1.95 MB
Chartered Accountants - pdf 410.44 KB
CPA Australia Ltd - pdf 83.12 KB
Cunnington and Company - pdf 106.46 KB
Deloitte - pdf 704.08 KB
Evans and Partners - pdf 366.39 KB
Global Credit Investors - pdf 323.23 KB
Group of 100 - pdf 184.18 KB
JBWere - pdf 1.17 MB
KPMG - pdf 81.22 KB
Mallesons Stephen Jaques - pdf 129.57 KB
Metcash - pdf 61.11 KB
NAB - pdf 120.1 KB
Philip Henty - pdf 80.54 KB
Standard and Poors - pdf 242.73 KB
Tony Kench - pdf 52.31 KB