The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today announced the re-appointment of 13 members of the Takeovers Panel.
Ms Robyn Ahern, Ms Elizabeth Alexander AM, Mr Denis Byrne, Mr Peter Cameron, Mr Brett Heading, Ms Louise McBride, Ms Marian Micalizzi, Professor Ian Ramsay, Ms Jennifer Seabrook, Mr Jeremy Schultz, Mr Leslie Taylor, Mr Michael Tilley and Ms Karen Wood are to be re-appointed until 7 March 2006.
"These members have already made an outstanding contribution to the work of the Panel and I would like to thank them for their continued commitment," Senator Campbell said.
He said the reappointment process, and the intention of a number of senior members to resign at the end of their appointment period, had given the Government an opportunity to reassess the optimal size of the Panel.
"A key issue to consider in this regard is whether members have the opportunity to sit on a sufficient number of proceedings to maintain their familiarity with takeovers provisions and Panel processes," Senator Campbell said.
"Consequently, a number of people have not been reappointed at this time. I wish to convey the Government's appreciation of their valuable work."
The Takeovers Panel, formerly the Corporations and Securities Panel, was established in 1991 to streamline takeover processes. It is acknowledged as one of the major successes of the Government's Corporate Law Economic Reform Program.
CANBERRA
6 March 2003
Contact: Wayne Grant 02 6277 3955 or 0407 845280