Senator SANDY MACDONALD —I give notice that, on the next day of sitting, I shall move:

That the Senate—

(a) notes:

(i) the formation of the Investment and Financial Services Association of Australia (IFSA) to represent investment and financial service providers, and

(ii) that IFSA members satisfy the investment management superannuation, managed investments needs of the Australian community;

(b) observes that IFSA members hold assets of more than $400 billion on behalf of more than nine million Australians;

(c) acknowledges that IFSA has a charter committed to increasing national savings and investments;

(d) recognises that good public policy on national savings, investment, superannuation and life insurance can create tangible and lasting economic and social benefits for the Australian community; and

(e) congratulates IFSA for having in its constitution a goal to uphold high levels of security, market integrity and transparency by adopting industry standards and engaging in self- and co-regulation.