The Australian government is making changes to our insolvency framework to better serve Australian small businesses, their creditors, and their employees. The changes will introduce new processes suitable for small businesses from 1 January 2021, reducing complexity, time and costs for small businesses.
In consultation with interested stakeholders and the public, the Essential Services Commission has developed a framework and approach to help assess whether the Victorian energy retail market is delivering good value to energy consumers.
The Victorian government has requested the Essential Services Commission to give effect to recommendation 8A from the Independent review into the electricity and gas retail markets in Victoria, which requires the commission to monitor and report on the competitiveness and efficiency of the Victorian retail...
This inquiry considered opportunities for Australian businesses to increase their exports and attract further investment. In particular, the Committee examined what role the Australian government has in boosting exports, such as through supporting research and development, trade agreements and tax incentives.
This paper outlines some early observations by ASIC staff on trading in securities and contracts for difference (CFDs) during the volatility caused by the COVID-19 pandemic (COVID-19 volatility). It was produced to inform our work in managing the impact of the COVID-19 pandemic and is...
This paper outlines the most comprehensive reforms to Australia’s foreign investment review framework in more than 20 years. The Australian government will shortly release exposure draft legislation for consultation on the reforms prior to its introduction into Parliament, and provide further guidance for investors on...
Deputy Prime Minister Warren Truss claims if the sale of GrainCorp proceeds international companies will control Australia's ports and handling facilities, and decisions will be made in foreign boardrooms.
The rapid growth of the solar industry, the number of players entering and exiting the industry, government financial incentives, the complexity of the technology being sold along with regulatory gaps are creating an environment in which consumer harm can thrive.
Regulator watch: the enforcement performance of Australia’s consumer protection regulators (1st Edition)
Robust enforcement by consumer regulators can protect individual consumers as well as contribute to fairness within markets. This report was conceived in response to the absence of a public mechanism to compare whether, and if so, how much, enforcement work is being done by our...
Regulator watch: the enforcement performance of Australia’s consumer protection regulators (2nd Edition)
Following the first edition of Regulator Watch in 2013, this edition compares the enforcement activities of key regulators, to assess how their performance has improved and renews calls for greater enforcement activity and more consistent, accessible and transparent reporting.