The Minister for Financial Services and Regulation
21 October 1998 - 26 November 2001
ADVISORY BODY SET TO BOOST CONSUMER SOVEREIGNTY
The Minister for Financial Services and Regulation, Joe Hockey, today unveiled the next plank in the Governments aim to empower Australian consumers with the formation of the Commonwealth Consumer Affairs Advisory Council (CCAAC).
The new Council comprises 10 members with a variety of backgrounds, experience and expertise drawn from across Australia who can represent consumer interests, including those of older and young Australians, indigenous people and women.
"I am pleased that Colin Neave has agreed to Chair CCAAC given his previous experience as Chair of the National Advisory Council on Consumer Affairs ", the Minister said.
The Council will advise the Minister on consumer needs arising from market transactions and developments and also identify emerging issues affecting consumers. Particular areas expected to be addressed by the Council include financial services, privacy, superannuation, investment, electronic commerce, new technologies and consumer education.
The Minister announced the Councils establishment in Ipswich when meeting with Cameron Thompson, MP, Member for Blair, and local business leaders.
"The Council will perform an important role in giving me independent advice on the current or likely impact on consumers of developments in the Australian market", the Minister said.
"I am confident that through its diverse and quality membership, the Council will be a significant consumer voice. It is important for government to have direct access to independent grass roots advice from people involved with consumer issues in an increasingly complex and global marketplace", said the Minister.
CCAAC will be supported by a secretariat within the Consumer Affairs Division of the Treasury.
"This Council is a key part of our wider Consumer Affairs philosophy of consumer sovereignty.
"It is about creating the framework so consumers are empowered and can make more informed choices.
"I am confident that the Councils work will greatly assist in ensuring that consumer issues are identified and addressed , and I look forward to working closely with the Council", the Minister concluded.
The Council is expected to formally meet at least three times each year, with the first meeting likely to be in July 1999.
ATTACHMENTS: 1. CCAAC Terms of Reference 2. List of Members
Matthew Abbott, Ministers office 0413 076 213
Janet Murphy, Consumer Affairs Division, Department of Treasury (02) 6263 3960
TERMS OF REFERENCE FOR CCAAC
- Investigate and report to the Minister for Financial Services and Regulation on consumer issues referred to the body by the Minister;
- Advise the Minister on consumer education matters referred to the body by the Minister;
- Consider reports and papers referred to the body by the Minister and report to the Minister on their likely consumer impact; and
- Identify emerging issues impacting on consumers and draw those to the attention of the Minister.
LIST OF MEMBERS
- Colin Neave (Chair) - Australian Banking Industry Ombudsman
- Gregory Bartels Retired (former Commissioner for Consumer Affairs, NSW)
- Caroline De Mori Director, Turnbull Fox Phillips
- Janet Grieve - Managing Director, Michels Warren P/L
- Fiona Guthrie - Committee Member, Queensland Consumers Association
- Emmanuel Hegarty Human Resources, Brisbane City Council (former Indigenous Education Officer, DETYA)
- Michael Kay Executive Chairman, Corporate Affairs, AAMI
- May Miller-Dawkins University Student, NSW President of Future Leaders of Australia
- Louise Sylvan - Chief Executive Officer, Australian Consumers Association
- Adriana Taylor Vice-President, Country Womens Association in Tasmania Inc