Law Council of Australia

Business Law Section

Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013

Submission Date: 22 February 2013

This submission by the Corporations Committee of the Business Law Section of the Law Council of Australia (the Committee) is made in response to the Exposure Draft issued on Friday, 11 January 2013 of the Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013 (the Bill).

The Committee has previously made submissions in response to The Treasury's discussion paper released in December 2011 titled Development of the retail corporate bond market: streamlining disclosure and liability requirements. The Committee commends the Government's efforts to encourage the development of a corporate bond market in Australia which can be effectively accessed by retail investors by reforms aimed at improving the quality of disclosure to retail investors and which remove some of the burden of compliance from issuers.

However, the Committee maintains its position that there are structural issues (unrelated to the standards of disclosure and liability for an offer) that may continue to prohibit the development of a strong Australian corporate bond market.

Last Updated on 28/04/2025

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