Tag Archive: ASIC

ASIC seeks further powers to provide directions to licensees

The ASIC Enforcement Review Taskforce (Taskforce) is seeking to expand ASIC’s powers to give directions to financial services and credit licensees (licensees). This follows on from the Taskforce’s earlier recommendation that ASIC’s banning powers be enhanced (see our previous update for more information – available here). The key recommendations from the Taskforce are as follows: …

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Capability review of ASIC announced

The Assistant Treasurer, Hon Josh Frydenberg, has announced a capability review of ASIC. The review will be chaired by Ms Karen Chester with Mr Mark Gray and Mr David Galbally AM QC as members of the review panel. The review arises out of the government considering the recommendation of the Financial System Inquiry that ASIC to …

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