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Treasury submission to the committee of inquiry into the Australian Financial System



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THE TREASURY

EMBARGO

RELEASE vv--------------- jj

TREASURY SUBMISSION TO THE COMMITTEE OF INQUIRY INTO THE AUSTRALIAN FINANCIAL SYSTEM .

The Treasury today released the ninth, and final, paper in

its series prepared for submission to the Committee of

Inquiry into the Australian Financial System.

The paper - entitled "Forms of Direct Government Intervention

in the Financial System" - discusses various forms and

purposes of direct government involvement in. the financial

system not covered in previous papers in the series. In

particular, it discusses the specialist government-owned

institutions operating in the capital market. The role of

governments in protecting depositors (including investors and

those insured) with financial institutions is also discussed.

The paper has been released with the approval of the Treasurer

but represents departmental views only. ,

2.

Single copies of the paper are available on request to

the Treasury (Tel. (062) 632827).

CANBERRA ACT 19 December 1980