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Notice given 1 November 2012

2451  Senator Abetz: To ask the Minister for Broadband, Communications and the Digital Economy—With reference to the email from Catherine Wilson to Mr Ahmed Fahour ( Ahmed.Fahour@auspost.com.au ) dated 23 October 2012, can a full explanation of the matters contained and set out in the email be provided.

2453  Senator Ronaldson: To ask the Minister for Finance and Deregulation ( transferred to the Minister representing the Treasurer on 5 November 2012 )—With reference to the Financial Sector (Shareholdings) Act 1998 and its application to Authorised Deposit-taking Institutions (ADIs), and in particular Section 8, which sets out shareholding limits by reference to voting power, and subclause 10(1) of Schedule 1, which defines the stake that a person holds in a company at a particular time as ‘the aggregate of: (a) the direct control interests in the company that the person holds at that time; and (b) the direct control interests in the company held at that time by associates of the person’:

(1) Would a company that makes an application to the Australian Prudential Regulation Authority (APRA) to become licensed as an ADI, which has a majority of its capital of $2.5 million sourced from one individual through fully paid non-voting shares and a minority of its capital, $500 000, sourced through partly paid voting shares belonging to several individuals (between them having all the voting power but with no individual holding more than 15 per cent of the voting stock), be rejected on the grounds that the funding base is not diversified in accordance with the requirements of the Act; if so: (a) what would be the legislative grounds for rejecting this application; and (b) is it the intention of the Act that such an application would be rejected on the grounds that the funding base is not diversified.

(2) Does APRA require a diversification of not only the voting power but also the economic ownership for financial sector companies to comply with the 15 per cent shareholding limit; if so: (a) what is the legislative requirement for such diversification under the Act; (b) does the Minister consider such diversification to be the correct interpretation of the legislation; and (c) why does the Act appear to establish that a person’s stake is related to their voting power rather than their economic interest.

Senator Bushby: To ask the Ministers listed below (Question Nos 2454-2501)—For each department and agency under the Financial Management and Accountability Act 1997 and each Commonwealth authority under the Commonwealth Authorities and Companies Act 1997 within the Minister’s portfolio:

(1) How many Australian Public Service full-time equivalent staff are engaged by each department, agency and authority in relation to the: (a) creation; (b) administration or management; and (c) enforcement of new or existing Acts of Parliament, legislative instruments and quasi-regulation.

(2) What and how many: (a) compliance requirements; (b) industry guidelines; (c) best practice procedures; (d) codes of conduct; and (e) any other industrial manuals/documents, have been created since December 2007.

(3) Was an Annual Regulatory Plan completed for each of the 2009-10, 2010-11, 2011-12, and 2012-13 financial years, and will a plan be completed for the 2013-14 financial year.

(4) For the 2009-10, 2010-11, 2011-12, and 2012-13 financial years: (a) how many pieces of regulation, including Acts of Parliament, legislative instruments and quasi-regulation, were included in each Annual Regulatory Plan; and (b) were the same, more or fewer pieces of regulation passed as anticipated in each Annual Regulatory Plan: (i) if more, which pieces of regulation were passed in addition to the plan, and (i) if fewer, which pieces of regulation were not passed and why were they not passed.

(5) Does each department, agency and authority assess the total costs associated with its regulatory measures; if so: (a) what is the total: (i) direct, and (ii) indirect, regulatory cost burden that each department, agency and authority imposes on the non-government sector; and (b) how much regulatory cost has each department, agency and authority: (i) imposed, and (ii) removed, from the non-government sector since August 2010.

(6) Does each department, agency and authority impose a cost-recovery scheme on the non-government sector; if so: (a) what are the cost-recovery programs; (b) what fees are currently being imposed; and (c) in each case, by how much have these fees increased since August 2010.

2456 Minister for Tertiary Education, Skills, Science and Research

2457 Minister for Broadband, Communications and the Digital Economy

2458 Minister representing the Minister for Regional Australia, Regional Development and Local Government

2459 Minister representing the Minister for the Arts

2461 Minister representing the Minister for Immigration and Citizenship

2463 Minister representing the Attorney-General

2464 Minister representing the Minister for Emergency Management

2467 Minister for Foreign Affairs

2474 Minister representing the Minister for Trade and Competitiveness

2475 Minister representing the Minister for Industry and Innovation

2476 Minister representing the Minister for Climate Change and Energy Efficiency

2482 Minister representing the Minister for Small Business

2488 Minister representing the Minister for Veterans’ Affairs

2494 Minister representing the Minister for Home Affairs

2495 Minister representing the Minister for Justice

2500 Minister for Sport

2501 Minister for Multicultural Affairs ( transferred to the Minister representing the Minister for Immigration and Citizenship on 5 November 2012 )