On 24 July 2015, the Hon Josh Frydenberg announced a review of the capabilities of the Australian Securities and Investments Commission (ASIC).
The review is being led by an expert panel, chaired by Ms Karen Chester with Mr Mark Gray and Mr David Galbally AM QC as members. The expert panel brings senior leadership experience from public and private sector roles, as well as an understanding and experience in industries regulated by ASIC. The expert panel is supported by a Secretariat of public and private sector personnel. The Panel is required to provide its final report to Government by the end of 2015.
The panel consulted extensively with private sector businesses regulated by ASIC, peak bodies, regional and consumer representatives and other stakeholders.
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- The Hon Josh Frydenberg, Assistant Treasurer – Capability review of the Australian Securities and Investments Commission , 24 July 2015