Australian lawyers have welcomed the
Treasury’s discussion paper on the development of
the country’s retail corporate bond market. But
the possible removal of authorised deposit-taking
institutions’ (ADIs) disclosure exemption has
Released on December 13, the discussion paper seeks to
streamline disclosure requirements to kick-start
Australia’s misfiring retail corporate bond
Jason Elphick, general counsel for capital and funding and
the head of governance at National Australia Bank (NAB) in
Melbourne said the changes are welcome given the potential
growth of corporate bond issues in the current environment.
"With credit growth moderating, the development of a strong
domestic corporate bond market is a logical step," said
Elphick. "Any initiative to help the operation of that market
would be more than welcome."