Will Govt sell ASIC company registry?
Newspaper reports are suggesting that the Federal Government may move to sell off the Australian Securities and Investments Commission’s (ASIC’s) company registry business in an asset sale to be announced in next month’s Federal Budget.
Suggestions of the sale, which would significantly refocus ASIC as a regulator, are contained in today’s edition of The Australian newspaper and have been followed up in other newspaper reports.
The reports come in the wake of ASIC chairman Greg Medcraft, having canvassed a new funding model for the regulator and statements from him that corporate registry is a technology business.
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