TY  - Audio interview

AU  - Peter Ryan
AU  - Josh Frydenberg


PY  - 2015
T1  - ASIC to be funded by companies it regulates
PB  - ABC Radio World Today


DO  - https://doi.org/APO-56958
UR  - https://apo.org.au/node/56958

AB  - The corporate watchdog ASIC (Australian Securities and Investments Commission) is set for a major overhaul that could see it funded by the very companies it regulates.
In a consultation paper released today, the Australian Securities and Investments Commission, suggests ASIC could be bankrolled according to a company's market value and an assessment of its risk.
At present, ASIC is funded by the taxpayer.
The Federal Government says the user-pays model would make ASIC a more effective regulator.
ER  -