Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download PDFDownload PDF 

Previous Fragment    Next Fragment

NOTICE OF MOTION

The Chair of the Select Committee on Superannuation (Senator Watson), by

leave, gave a notice of motion as follows: To move on the next day of

sitting--That the following matters be referred to the Select Committee

on Superannuation for inquiry and report by 30 June 1996:

(a) whether members of the Investment Committee of the Reserve

Bank's Officers' Superannuation Fund (OSF), in the normal course

of their duties:

(i) participate in the monetary policy formulation process,

or

(ii) have access to market-sensitive information not

available to the general public;

(b) whether members of the OSF Investment Committee had

foreknowledge of monetary policy changes or movements when

making decisions:

(i) to sell bonds in June 1994, or

(ii) to buy bonds in December 1994 and January 1995;

(c) the impact of the decision of the Investment Committee on the

value of the bond portfolio arising from significant movement in

that portfolio prior to the bond market crash;

(d) the propriety of the investment management arrangements of the

OSF, including the possibility of conflict of interest, and

whether the trustee's duties have been properly discharged; and

(e) whether, in following its duties as trustee, the actions of the

Investment Committee amounted to insider trading.