Oversight of ASIC
The Australian Securities and Investments Commission is an independent statutory body. Recommendations relating to ASICs operational arrangements are a matter for ASIC. Recommendations relating to government policy will be considered as part of normal government business. The Government notes that subjects of recommendation three (of three) were dealt with in the context of Parliamentary debate on the Corporations Amendment (Simpler Regulatory System) Bill 2007 in both the House of Representatives and the Senate; and in the Treasury discussion paper, Review of Sanctions in Corporate Law, released in March 2007.
For further information, contact
Parliamentary Joint Committee on Corporations
and Financial Services
Canberra ACT 2600
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