ASIC’s registry business on the market

federal budget ASIC

12 May 2015
| By Mike |
image
image
expand image

The Australian Securities and Investments Commission (ASIC) may lose its company registry business, under changes announced in the Federal Budget.

The Budget papers make clear that the Government will test the market to see whether a private operator would be better placed to both upgrade and operate the ASIC registry.

The move is consistent with pre-Budget discussion around ASIC’s role, its funding and the value of the registry business.

The sale of the registry business was also discussed in the context of ASIC moving to a user-pays funding model – something which has taken on heightened resonance following the Government’s Budget announcement impacting the financial services levy.

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Random

What happened to the 700,000 million of MLC if $1.2 Billion was migrated to Expand but Expand had only 512 Million in in...

16 hours ago
JOHN GILLIES

The judge was quite undrstanding! THEN AASSIICC comes along and closes him down!All you 15600 people who work in the bu...

1 day 13 hours ago
JOHN GILLIES

How could that underestimate happen?usually the quote transfer straight into the SOA, and what on earth has the commissi...

1 day 13 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 3 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 2 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND