TREASURY PORTFOLIO

In Attendance

SenatorSeselja, Assistant Minister for Treasury and Finance

Department of the Treasury

Mr Philip Gaetjens, Secretary

Macroeconomic Group

Ms Meghan Quinn, Deputy Secretary, Macroeconomic Group

Mr Ian Beckett, Division Head, Macroeconomic Modelling and Policy Division

Dr John Swieringa, Principal Adviser, Macroeconomic Modelling and Policy Division

Mr Dan Andrews, Principal Adviser, Macroeconomic Modelling and Policy Division

Ms Lisa Elliston, Division Head, International Policy and Engagement Division

Ms Christine Barron, Chief Adviser, International Policy and Engagement Division

Mr Christopher Legg, Chief Adviser, International Policy and Engagement Division

Dr Angelia Grant, Division Head, Macroeconomic Conditions Division

Ms Laura Berger-Thomson, Principal Adviser (Forecasting), Macroeconomic Conditions Division

Corporate Services and Business Strategy Group

Mr Matt Flavel, Deputy Secretary, Corporate Services and Business Strategy Group

Mr Robert Twomey, Chief Financial Officer / Division Head, Chief Financial Officer Division

Ms Shannon Kenna, Division Head, Communication and Parliamentary Division

Ms Phoebe Burgess, Division Head, people and Organisational Strategy Division

Mr Mike Webb, Division Head, Information Services Division

Fiscal Group

Mr Simon Atkinson, Deputy Secretary, Fiscal Group

Mr Jonathan Rollings, Division Head, Budget Policy Division, Fiscal Group

Mr Adam McKissack, Principal Adviser, Budget Policy Division, Fiscal Group

Ms Vicki Wilkinson, Division Head, Social Policy Division, Fiscal Group

Ms Philippa Brown, Principal Adviser, Social Policy Division, Fiscal Group

Ms Joanne Evans, Principal Adviser, Social Policy Division, Fiscal Group

Mr Robert Jeremenko, Division Head, Retirement Income Policy Division, Fiscal Group

Mr Darren Kennedy, Principal Adviser, Retirement Income Policy Division, Fiscal Group

Ms Michelle Dowdell, Principal Adviser, Retirement Income Policy Division, Fiscal Group

Mr Robb Preston, Principal Adviser, Retirement Income Policy Division, Fiscal Group

Ms Kate Phipps, Division Head, Commonwealth-State Policy Division, Fiscal Group

Mr Hamish McDonald, Division Head, Structural Reform Division, Fiscal Group

Mr Damien Dunn, Principal Adviser, Structural Reform Division, Fiscal Group

Mr Tom Dickson, Principal Adviser, Structural Reform Division, Fiscal Group

Ms Kirsten Baker, Principal Adviser, Structural Reform Division, Fiscal Group

Markets Group

Mr Paul Verschuer, Deputy Secretary, Markets Group

Ms Diane Brown, Division Head, Financial System Division

Mr James Kelly, Division Head, Financial Services Reform Implementation Taskforce

Mr Warren Tease, Chief Adviser, Financial System Division

Ms Nghi Luu, Acting Principal Adviser, Financial System Division

Ms Julie Greenall-Ota, Principal Adviser, Financial System Division

Ms Elizabeth Williamson, Division Head, Consumer and Corporations Policy Division

Ms Kate O'Rourke, Principal Adviser, Consumer and Corporations Policy Division

Ms Lucy Vincent, Principal Adviser, Consumer and Corporations Policy Division

Ms Kate Lynch, Principal Adviser, Consumer and Corporations Policy Division

Mr Roger Brake, Division Head, Foreign Investment Division

Ms Victoria Anderson, Chief Adviser, Foreign Investment Division

Ms Kerstin Wijeyewardene, Principal Adviser, Foreign Investment Division

Mr Tim Baird, Principal Adviser, Foreign Investment Division

Ms Lina Wong, Acting Principal Adviser, Foreign Investment Division

Revenue Group

Ms Maryanne Mrakovcic, Deputy Secretary, Revenue Group

Mr Matthew Brine, Division Head, Tax Analysis Division

Mr Graeme Davis, Acting Division Head, Tax Framework Division

Mr Paul McCullough, Division Head, Corporate and International Tax Division

Mr Geoff Francis, Principal Adviser, Corporate and International Tax Division

Ms Kathryn Davy, Principal Adviser, Corporate and International Tax Division

Mr Hector Thompson, Principal Adviser, Corporate and International Tax Division

Ms Marisa Purvis-Smith, Division Head, Individuals and Indirect Tax Division

Mr Patrick Boneham, Division Head, Black Economy Division

Mr Simon Writer, Division Head, Law Design Office

Australian Charities and Not-For-Profits Commission

Hon. Dr Gary Johns, Commissioner, Australian Charities and Not-for-profits Commission

Australian Taxation Office

Mr Chris Jordan, Commissioner of Taxation

Mr Jeremy Hirschhorn, Second Commissioner, Client Engagement Group

Mr Ramez Katf, Chief Information Officer, Enterprise Solutions and Technology

Ms Jacqui Curtis, Chief Operating Officer, Corporate and Enabling Services Group

Ms Melinda Smith, Chief Service Delivery Officer, Service Delivery Group

Mr Andrew Mills, Second Commissioner Law Design and Practice

Ms Frances Cawthra, Chief Finance Officer

Mr James O'Halloran, Deputy Commissioner, Superannuation

Mr Jonathon Todd, ATO General Counsel, ATO Corporate

Mr Robert Ravanello, Deputy Commissioner, Debt

Mr Jeremy Geale, Deputy Commissioner, Review and Dispute Resolution

Mr Brad Chapman, Deputy Commissioner, ATO People

Australian Competition and Consumer Commission

Mr Rod Sims, Chair

Ms Rayne de Gruchy, Chief Operating Officer

Mr Scott Gregson, Executive General Manager, Merger and Authorisation Review Division

Mr Marcus Bezzi, Executive General Manager, Specialised Enforcement and Advocacy Division

Mr Rami Greiss, Executive General Manager, Enforcement Division

Mr Tim Grimwade, Executive General Manager, Consumer, Small Business and Product Safety Division

Mr Michael Cosgrave, Executive General Manager, Infrastructure Regulation Division

Mr Peter Maybury, Chief Finance Officer

Australian Energy Regulator

Mr Warwick Anderson, Acting Chief Executive Officer, Australian Energy Regulator

Mr Peter Adams, General Manager, Market Performance, Australian Energy Regulator

Ms Angela Bourke, Acting General Manager, Consumers and Markets, Australian Energy Regulator

Mr Mark Feather, General Manager, Policy and Performance, Australian Energy Regulator

Australian Prudential Regulation Authority

Mr Wayne Byres, Chairman

Mr John Lonsdale, Deputy Chairman

Mr Adrian Rees, General Manager, Diversified Institutions Division

Ms Heidi Richards, General Manager, Policy Development

Mr Warren Scott, General Counsel

Australian Securities and Investments Commission

Mr James Shipton, Chair

Mr Daniel Crennan QC, Deputy Chair

Ms Karen Chester, Deputy Chair

Ms Cathie Armour, Commissioner

Mr Sean Hughes, Commissioner

Ms Danielle Press, Commissioner

Mr John Price, Commissioner

Ms Joanna Bird, Executive Director, Wealth Management

Mr Warren Day, Executive Director, Assessment and Intelligence

Ms Jane Eccleston, Senior Executive Leader, Superannuation

Mr Tim Gough, Senior Executive Leader for Credit, Retail Banking and Payments

Mr Oliver Harvey, Chief Supervisory Officer

Ms Laura Higgins, Senior Executive Leader, Financial Capability

Mr Greg Kirk, Executive Director, Strategy

Mr Tim Mullaly, Executive Director, Financial Services Enforcement

Mr Chris Savundra, General Counsel

Productivity Commission

Mr Michael Brennan, Chair

Ms Nina Davidson, Head of Office

Ms Jane Melanie, Assistant Commissioner

Ms Jack Knowles, Research Manager

Inspector-General of Taxation

Mr Andrew McLoughlin, Acting Inspector-General of Taxation/Taxation Ombudsman

Mr David Pengilley, Acting Deputy Inspector-General of Taxation

Mr Duy Dam, Acting General Manager

Committee met at 09:01

CHAIR ( Senator Hume ): I declare open this meeting of the Senate Economics Legislation committee. The committee will today continue its examination of the Treasury portfolio with questions for the ACCC and the Australian Energy Regulator. The hearing will then follow the order as set out in the circulated program. I would ask photographers and camera operators to follow the established media guidelines and the instructions of the committee secretariat. As set out in the guidelines, senators' and witnesses' laptops, mobile phones and other devices and personal papers are not to be filmed. I remind senators and departmental officials that the committee has set Thursday, 28 February 2019 as the date by which senators are to submit written questions on notice, and it has fixed Tuesday, 26 March 2019 as the date for the return of answers to questions on notice.