Oversight of ASIC, the Takeovers Panel and the Corporations Legislation No.1 of the 45th Parliament

13 February 2019

© Commonwealth of Australia 2019
ISBN 978-1-76010-896-0

View the report as a single document - (PDF 407KB)

View the report as separate downloadable parts:

Committee membership (PDF 22KB)
Recommendations (PDF 10KB)
Chapter 1 - Introduction and Background (PDF 41KB)

Duties of the committee
Conduct of the inquiry
Focus of this report
Structure of the report

Chapter 2 - Audit quality (PDF 154KB)

The function of auditing
A light touch system of regulation
Requirements of auditors
Australia's auditing arrangements
Concerns about audit quality
Limitations of the auditing system
Potential solutions
Committee view

Chapter 3 - Integrity risks (PDF 115KB)

ASIC's integrity and anti-corruption arrangements
Regulatory capture risks
Other integrity risks
Committee view

Chapter 4 - Oversight of the Takeovers Panel (PDF 58KB)

About the Takeovers Panel
The work of the Panel
Views of the Panel's performance
Committee view

Appendix 1 - Additional information received by the Committee (PDF 16KB)
Appendix 2 - Public hearings and witnesses (PDF 12KB)

Committee Secretariat contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3583
Fax: +61 2 6277 5719