New ASX Limited chief executive Helen Lofthouse has revealed fresh delays to the long-awaited CHESS replacement project on her third day in the job, with both the Australian Securities and Investment Commission and Reserve Bank of Australia labelling the news “disappointing”.
The fifth delay to the project first announced in 2015 will push its timetable into 2025, with ASX likely to update on any change to the $250 million implementation costs at its full-year results on August 31.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
