Senator RENNICK: This is a very quick one. Does ASIC require gold dealers and custodians of gold to comply with financial disclosure laws, such as product disclosure statements et cetera, when investors put their gold bars with gold dealers? Mr Longo: I might ask Commissioner Armour to have a go at that question. I’m not quite sure of the extent of ASIC’s jurisdiction over gold bars at this point in time. I will go to Commissioner Armour.Ms Armour: My initial reaction is that I believe that a gold bar is likely to be a commodity and not necessarily a financial product, so may not be in our jurisdiction. I would be happy to go back and double-check that for you. Senator RENNICK: A lot of super funds now are investing in gold bars. I would have thought it would be classified as a financial instrument. I will leave it at that.

It’s time we worked together to beat the major parties.

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Free Speech is Dead

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