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Treasurer Jim Chalmers was asked about the state of Australia’s corporate regulator, Asic, at his National Press Club appearance today.
A Senate inquiry is currently looking into Asic’s ability to effectively investigate allegations of misconduct within the corporate sector and has heard from some particularly critical witnesses within the industry over the past two days.
Witnesses on Wednesday complained their reports to the corporate watchdog of suspected wrongdoing often went unanswered, and former Asic chair James Shipton alleged he wasn’t adequately supported by his employer as he faced intense scrutiny in the role.
An Asic spokesperson responded to Shipton’s claims, saying it took staff wellbeing seriously.
Chalmers is asked whether he’s confident in Asic and whether there are plans to overhaul the agency.
The treasurer responded on Thursday:
First of all, we take seriously the issue that is raised at the parliamentary committee. Obviously, I have tried to stay across those matters that were raised. We are trying to reform and renew and refresh our economic institutions and the focus has been on the Reserve Bank and, to some extent, the Productivity Commission.
When it comes to ASIC, I think that we have a really important opportunity with the appointments all coming at one time to see that as an opportunity to refresh an organisation and institution that has copped a bit of flak in recent times.
But I don’t yet have – in the way that we came to office with a very firm view about the Reserve Bank, we had partly formed but now almost fully formed views about renewing and refocusing the Productivity Commission – we haven’t yet gotten to ASIC.
3m ago00.44 EDT
The federal inquiry into the rental crisis also heard from Amity, who rents with her child said she has had 16 rentals in 25 years, many of which were unliveable.
She said they experienced: windows painted closed…being able to feel the wind inside the house…I’ve had glasses get so hot in summer that my glasses slide down my nose…
Amity said she wanted:
A real end to no-grounds…
2023-08-23 23:33:16
Original from www.theguardian.com
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