Australia: the definition of derivative

In 2010 the Corporations and Markets Advisory Committee (CAMAC) was asked to consider the legal definition of derivative (the terms of reference are available here, pdf). CAMAC's report was released earlier this year: see here (pdf). CAMAC has concluded that the definition of derivative within Section 761D of the Corporations Act (2001) aligns with market and regulatory perceptions of what constitutes a derivative and that no change in the statutory definition is required.