No.

Member

Question

Hansard page and hearing date or written questions

Response (publication date)

ASIC01QON

Wolahan

My question is about the acts that ASIC is responsible for and whether you've been tracking what the most litigated provisions are, from two perspectives—the first are those that are on appeal which may point to ambiguity in provisions that we need to look at, and the second are those that are constantly appearing before the courts and are creating a cost on business that, again, we may need to look at.

Hansard, p.11

11 October 2022

Responses toquestions 1 - 4(10 November 2022)

ASIC02QON

Wolahan

Do you have a view on the discounts available in capital raising for institutional investors compared to mum-and-dad investors? …

It was particularly in regard to equity offers, on which many have commented that the better offers are made to institutional investors earlier than to them.

Hansard, p.12

11 October 2022

ASIC04QW

van Manen

Please explain why ASIC’s response times to complaints are so slow and/or non-existent.

Written

No.

Member

Question

Hansard page and hearing date or written questions

Response (publication date)

QoN 001

van Manen

What is being done to assist in instances of reports of unlicenced financial advice?

Written

Responses to questions 1 - 10

(20 November 2024)

QoN 002

van Manen

Within your Corporate Plan for 2024-25 it mentions that you have been reviewing direct sale of life insurance. Can you outline your findings?

Written

QoN 003

van Manen

Within your Corporate Plan for 2024-25 it mentions that you have been supporting sustainability and energy transition. Can you please outline what efforts are taking place in supporting the transition to electronic vehicles?

Written

QoN 004

Spender

There are examples in the public domain – such as the Woolworths green bond issuance – that have caused people to question where Australian green bonds are actually being used to materially improve sustainability outcomes. Do you have any comments in relation to this case, or its broader implications?

Written

QoN 005

Spender

Can you explain why ASIC has issued a “class no-action position” in response to approaches by industry participants about whether second party opinion (SPO) providers may be providing financial product advice that requires them to hold an Australian financial services (AFS) licence?

Written

QoN 006

Lawrence

The reporting by ASIC in its annual report under section 2.3 Key Results omits mention of the number of actions commenced but settled prior to trial, or the number of actions otherwise discontinued. Please provide that information for the 2022/23 year.

Written

QoN 007

Lawrence

What was the total dollar value of settlements reached in 2022/2023?

Written

QoN 008

Lawrence

What is the reason the Total Dollar Value of Civil Penalties is reported but the total dollar value of settlements reached is not reported? Please indicate whether that information will be provided in subsequent reports.

Written

QoN 009

Lawrence

Does ASIC employ express guidelines to govern decisions made to settle litigations? If so, what are they? If not, would this be preferable?

Written

QoN 010

Lawrence

What changes, legislative or otherwise, would be required to increase the confidence of the organisation in pursuing litigations against large entities and their officers?

Written