Review of the Commonwealth Government Securities Market
The Government announced in the 2002-03 Budget that it would consider the issues raised by the significant reduction in Commonwealth general government net debt for the viability of the Commonwealth Government Securities (CGS) market. The Government committed to consult with key stakeholders.
In order to inform the consideration of this important issue, the Government has invited written submissions from interested stakeholders. To facilitate this process, the Government has released a discussion paper that outlines the key factors that need to be considered.
To further assist the consultation process, the Treasurer also announced the formation of a reference committee to provide assistance on matters of detail arising from the consultation process. The committee consists of representatives from several key stakeholder associations.
The review is being undertaken by a team located within the Department of the Treasury.
It is expected that the Government will make a decision on the future of the CGS market early next year.
The Government announced the outcome of the Review of the CGS market in the 2003-04 Budget.