Regulation of corporate control in Australia : a historical perspective

As the process of financial and economic reform gains pace throughout
the Asia-Pacific region, one important aspect that deserves the attention of
business and legal analysts is the regulation of corporate control. The
purpose of this paper is to describe and assess the evolution of corporate
control regulation in Australia. With some important changes to takeover
law about to be passed by parliament, it is appropriate and timely to reflect
on the process of regulatory change that has given us our current system,
so that lawmakers may avoid the errors and pitfalls of the past. This
assessment of the process of regulatory change in Australia may also
provide lessons for regulators in the Asia-Pacific region.[extract]