ASIC gets second deputy chair
The Australian Securities and Investments Commission (ASIC) is to get a second deputy chairperson, alongside existing deputy chair, Peter Kell.
The move was announced by the Minister for Revenue and Financial Services, Kelly O’Dwyer who said the second role would provide the regulator with greater flexibility to manage the breadth of its new powers and increased responsibilities resulting from recent and upcoming law changes.
“It will also bring ASIC into line with the structure of the Australian Competition and Consumer Commission (ACCC),” the minister said.
“This important step will also support ASIC to engage more closely with its stakeholders and assist it to better communicate its role, its priorities and how its resources are allocated,” she said.
In doing so, O’Dwyer also announced the reappointments of deputy chairman, Peter Kell for a further one-year term to 5 May, next year, and Commissioner John Price for a further two-year period until 20 March, 2020.
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