Summary
Amends the: Australian Securities and Investments Commission Act 2001 to: require the Australian Securities and Investments Commission (ASIC) to consider the effects that the performance of its functions and the exercise of its powers will have on competition in the financial system; and remove the requirement for ASIC to engage staff under the Public Service Act 1999; and Australian Securities and Investments Commission Act 2001, Business Names Registration Act 2011, Corporations Act 2001 and Mutual Assistance in Business Regulation Act 1992 to make consequential amendments.