Some important issues about ASIC’s resourcing and structure have been raised recently. I have previously said these issues require Canberra’s attention.
In particular, the observation that ASIC is “chronically” underfunded is correct. ASIC has never been a funding priority for the government, except during the 2018-19 royal commission. This needs to change.
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James Shipton is Senior Fellow in the Melbourne School of Government at The University of Melbourne. He is a former chairman of ASIC.
