Oversight of ASIC, the Takeovers Panel and the Corporations Legislation No.1 of the 46th Parliament

March 2022

© Commonwealth of Australia 2022
ISBN: 978-1-76093-338-8

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Chapter 1—Introduction

  Duties of the committee
  Conduct of the inquiry
  Structure of the report
  Notes on references

Chapter 2—ASIC's governance framework

  ASIC’s governance structure
  Reviews of corporate governance
  Recent changes to ASIC internal governance
  External accountability and oversight of ASIC
  Views on ASIC governance
  Committee view

Chapter 3—Supply chain finance

  Background on SCF
  Accounting standards for the reporting of SCF
  The Greensill collapse and its potential impact on the financial sector
  Financial regulation of the credit provided by SCF companies
  Financial regulation of the funding of SCF companies
  Broader issues in SCF
  Committee view

Appendix 1—Submissions and additional information

Appendix 2—Public hearings and witnesses

Appendix 3—Letter from ASIC on ASIC's Governance Framework

Appendix 4—Letter to the Treasurer regarding the CDDA Scheme

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