Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

and I am happy to extend a courtesy to a colleague who is leaving after a long period of service. As I have indicated on many occasions, both publicly and here, ASIC and the ASX acted in respect of naked short selling on Friday. Then, in terms of the international developments by other regulators around the world, they proceeded to a full ban on covered short selling. It is an interim ban, and ASIC will reassess that ban in 30 days in respect of non-financial stocks on the ASX. I have welcomed that ban. Given market circumstances, the turmoil and the uncertainty we have seen, I welcome that ban, that prohibition, that control, if you like. This government will ensure, quite properly, that we will close the gap in respect of disclosure. (Time expired)