Oversight of ASIC
Government Response
The Australian Securities
and Investments Commission is an independent statutory body.
Recommendations relating to ASIC’s 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
Committee Secretary
Parliamentary Joint Committee on Corporations
and Financial Services
Parliament
House
Canberra ACT 2600
Australia
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