Does increasing criminality make for better reform of the financial services industry?

Michael A. Adams

Does increasing criminality make for better reform of the financial services industry?

Michael A. Adams

Research output: Chapter in Book / Conference Paper › Conference Paper

Abstract

This paper examines the research conducted by Michael Adams and Jeremy Green into the Changes in Liability for the Superannuation Industry that was commissioned by the Fund Executives Association Limited in August 2001. The surprise result was that the number of criminal offences found in Chapter 7 of the Corporations Act will have increased by 289 per cent after 11 March 2002. The Financial Services Reform Act 2001 has many subtle changes caused by policy and legislative changes. The impact of the Commonwealth Criminal Code Act 1995 and the transfer of "tandem liability offences" from the Superannuation Industry (Supervision) Act 1993 have also had a significant impact. Finally, a policy discussion as to whether severely increasing criminal offences actually provides an improvement in the behaviour of financial services industry players.

Original language	English
Title of host publication	Corporations and Financial Regulation in the Digital Economy: Proceedings of the Annual Conference of Corporate Law Teachers Association, Monash Conference Centre, 30 Collins Street, Melbourne, 10-12 February, 2002
Publisher	Centre for Law in the Digital Economy
Number of pages	18
Publication status	Published - 2002
Event	Corporate Law Teachers Association. Conference - Duration: 1 Jan 2002 → …

Conference

Conference	Corporate Law Teachers Association. Conference
Period	1/01/02 → …

Keywords

pension trusts
corporate law
superannuation
Australia
financial services industry
investments

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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title = "Does increasing criminality make for better reform of the financial services industry?",

abstract = "This paper examines the research conducted by Michael Adams and Jeremy Green into the Changes in Liability for the Superannuation Industry that was commissioned by the Fund Executives Association Limited in August 2001. The surprise result was that the number of criminal offences found in Chapter 7 of the Corporations Act will have increased by 289 per cent after 11 March 2002. The Financial Services Reform Act 2001 has many subtle changes caused by policy and legislative changes. The impact of the Commonwealth Criminal Code Act 1995 and the transfer of {"}tandem liability offences{"} from the Superannuation Industry (Supervision) Act 1993 have also had a significant impact. Finally, a policy discussion as to whether severely increasing criminal offences actually provides an improvement in the behaviour of financial services industry players.",

keywords = "pension trusts, corporate law, superannuation, Australia, financial services industry, investments",

author = "Adams, {Michael A.}",

year = "2002",

language = "English",

booktitle = "Corporations and Financial Regulation in the Digital Economy: Proceedings of the Annual Conference of Corporate Law Teachers Association, Monash Conference Centre, 30 Collins Street, Melbourne, 10-12 February, 2002",

publisher = "Centre for Law in the Digital Economy",

note = "Corporate Law Teachers Association. Conference ; Conference date: 01-01-2002",

}

Adams, MA 2002, Does increasing criminality make for better reform of the financial services industry? in Corporations and Financial Regulation in the Digital Economy: Proceedings of the Annual Conference of Corporate Law Teachers Association, Monash Conference Centre, 30 Collins Street, Melbourne, 10-12 February, 2002. Centre for Law in the Digital Economy, Corporate Law Teachers Association. Conference, 1/01/02.

Does increasing criminality make for better reform of the financial services industry? / Adams, Michael A.
Corporations and Financial Regulation in the Digital Economy: Proceedings of the Annual Conference of Corporate Law Teachers Association, Monash Conference Centre, 30 Collins Street, Melbourne, 10-12 February, 2002. Centre for Law in the Digital Economy, 2002.