Parliamentary Joint Committee on Corporations and Financial Services - Sydney, NSW (part 1 of 2)
3 September 2026
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Parliamentary Joint Committee on Corporations and Financial Services Australian Parliament
15:14 - 16:53
Speaker 1
I declare open this hearing of the Parliamentary Joint Committee on Corporations and Financial Services into the oversight of ASIC, the Takeovers Panel and corporations legislation.
I begin today by acknowledging the traditional custodians of the land on which we meet and I pay my respect to their elders past and present and extend that respect to Aboriginal and Torres Strait Islander peoples here today. The committee will be conducting today's hearing in person and via teleconference. These are public proceedings being audio streamed live via the Parliament's website and a Hansard transcript is being made. I remind all witnesses that in giving evidence to the committee, they're protected by parliamentary privilege. It's unlawful for anyone to threaten or disadvantage a witness on account of evidence given to a committee and such action may be treated by the Senate as a contempt.
It's also a contempt to give false or misleading evidence. Witnesses also have the right to request to be heard in camera. If a witness objects to answering a question, they should state the ground upon which the objection's made and the committee will determine whether it will insist on an answer, having regard to the ground which is claimed. If the committee determines to insist on an answer, a witness may request that the answer be given in camera. I remind any committee members and witnesses who are appearing via video conference to mute their microphones when they are not speaking.
And I now welcome representatives from Diversa Trustees Limited. I understand that information on parliamentary privilege and the protection of witnesses giving evidence to the Senate has been provided to you all. For the Hansard record, will you please state your full names and the capacities in which you appear today and we might start with you, Mr. Stanistreet.
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