EXECUTIVE SUMMARY Today the Government released a consultation paper seeking stakeholder views on the proposed introduction of an industry funding model for the regulatory activities of the Australian Securities and Investments Commission (ASIC). ASIC has welcomed the...
THE FOS CIRCULAR PUBLISHED ON 22 JULY 2015 1.0 CHIEF OMBUDSMAN’S MESSAGE 1.1 As of 15 June 2015 FOS has eliminated the dispute backlog at all stages of our dispute process. This means that there are no disputes that have been unallocated for more than...
ASIC has published the opening statement of Greg Medcraft, Chairman of the Australian Securities and Investments Commission (ASIC) to the Parliamentary Joint Committee on Corporations and Financial Services made on 14 August 2015. See Oversight of ASIC, the Takeovers...
THE GOVERNMENT’S REFORM PRIORITIES FOR THE FINANCIAL SERVICES SECTOR EXECUTIVE SUMMARY During his address at the Financial Services Council Annual conference, the Hon Josh Frydenberg MP, Assistant Treasurer, has provided details of the Government’s progress to date...
EXECUTIVE SUMMARY On 29 July 2015 ASIC announced that it will now use its power to recover all related expenses and costs of its investigations. Generally ASIC has paid the expenses of the investigations it conducts. However under section 91 of the Australian...
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