ASIC Oversight hearing, Wednesday

THE Australian Securities and Investments Commission [ASIC] will appear before the Parliamentary Joint Committee on Corporations and Financial Services at a public hearing via videoconference on Wednesday 18 November 2020.

The committee will review the performance and operations of the corporate regulator, with a particular focus on ASIC’s organisational structure.

The committee will hear evidence from the Australian National Audit office (ANAO) after its recent audit which identified potentially inappropriate expenses paid to ASIC Commissioners.

Submissions will also be heard from a number of academic experts on the optimal organisational structure for regulators.

This will be the fifth public hearing with ASIC before the Corporations and Financial Services committee in this Parliament.

Committee Chair Senator James Paterson said, “This hearing is an opportunity for the committee to hear from experts about ASIC’s leadership structure and alternatives to ensure we have a high-performing regulator which enjoys the trust and confidence of Australians.”  

Public hearing details

Date:  Wednesday, 18 November 2020
Time:  9am to 5pm
Location: Videoconference
The hearing will be broadcast live at aph.gov.au/live.

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