Sub Committees

The ASF Sub Committees each focus on a specific area of the Australian securitisation industry. These committees undertake advocacy initiatives which represent the interests of members. The outcomes of these initiatives are available to ASF members.

Accounting Committee (Chair Michael Codling)

  • Accounting issues that impact the securitisation industry
  • The adoption of consistent accounting treatments and disclosures amongst Industry players
  • Monitors international pronouncements
  • Maintains a watching brief over structural developments in the Australian market.

Audit and Risk Managment Committee (Chair Melissa Marzulli)

  • To oversee corporate governance responsibilities with respect to financial reporting, internal control structures, risk management systems and external audit functions.

Education Committee (Chair Roger Desmarchelier)

  • The provision of professional development opportunities for participants
  • Oversees all aspects of the ASF education programs including all content development, syllabus and assessment options
  • Topic development for ASF Evening Series seminars

Marketing Committee (Chair Paul Garvey)

  • Development of communication and marketing strategies to inform members of industry changes and developments
  • Oversees the development and production of the ASF magazine and the content development of the ASF website.
  • Co-ordination of the annual Australian securitisation conference and the ASFs involvement in offshore securitisation conferences.

Market Standards and Practices Committee (Chair Vernon Spencer)

  • Development and implementation of securitisation guidelines, market standards and practices for the Australian industry.
  • Focus on investor issues and concerns, reporting and documentation.

Prudential Committee (Chair: Kevin Lee)

  • Monitors all Australian Prudential Regulatory Authority (APRA) initiatives that could affect securitisation
  • Responsible for ADI-related issues concerning securitisation, such as APS 120 and Basel II.

Regulatory Committee (Chair Stuart Fuller)

  • Monitors development of the guidelines and policies of regulatory bodies (excluding APRA) affecting securitisation
  • Maintains a watching brief on changes and developments in the Corporations law, ASX requirements and other related areas that may have intended or unintended consequences for securitisation.

Strategy Committee (Chair Leigh Powell)

  • Responsible for the delivery of the strategic plan key objectives; Advocacy, Investor Engagement, Education & Structure.

Taxation Committee (Chair Patrick Tuttle)

  • Focuses on tax issues associated with the securitisation of financial assets as well as residual issues arising from the implementation of GST
  • Over the past years the committee has made a number of submissions to the Australian Taxation Office (ATO) and the Commonwealth Department of Treasury in connection with a number of proposed changes to tax regimes for entities.


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