ASIC’s Kell takes top job at ACA

peter-kell/chief-executive/executive-director/investments-commission/

6 February 2004
| By Jason |

By Jason Spits

AustralianSecurities and Investments Commission(ASIC) executive director of consumer protection Peter Kell has left the industry regulator to become chief executive of the Australian Consumers’ Association (ACA).

Kell takes over from Louise Sylvan who was named as the Australian Competition and Consumer Commission (ACCC) deputy chair late last year.

Kell’s move is a return to the consumer watchdog where he was a senior policy officer from 1995 to 1998 before heading to ASIC’s office of consumer protection.

This part of ASIC’s work was restructured in 2001 at which time Kell become the executive director of consumer protection and reported through to its commission, a structure he will also work under at the ACA, report-ing through to its 13 member council.

In the same year Kell was also appointed as acting regional commissioner for NSW.

The ACA says the appointment of Kell comes as the need for strong consumer representation grows in the areas of health, food regulation, finance and telecommunications.

Kell and Sylvan gained widespread media attention in 2003 when they were the relevant spokespersons for their respective groups during the release of the ACA/ASICQuality of Advicesurvey.

Kell’s role at ASIC has yet to be filled, with the regulator unable to comment further at present.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month 3 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months 2 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 3 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 4 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

1 week 6 days ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo