Documents

ASIC - 2022

No.	Member	Question	Hansard page and Hearing date or Written questions	Response (Publication date)
ASIC01QON	Wolahan	My question is about the acts that ASIC is responsible for and whether you've been tracking what the most litigated provisions are, from two perspectives—the first are those that are on appeal which may point to ambiguity in provisions that we need to look at, and the second are those that are constantly appearing before the courts and are creating a cost on business that, again, we may need to look at.	Hansard, p.11 11 October 2022	Responses to questions 1 - 4 (10 November 2022) (PDF200KB)
ASIC02QON	Wolahan	Do you have a view on the discounts available in capital raising for institutional investors compared to mum-and-dad investors? … It was particularly in regard to equity offers, on which many have commented that the better offers are made to institutional investors earlier than to them.	Hansard, p.12 11 October 2022
ASIC04QW	van Manen	Please explain why ASIC’s response times to complaints are so slow and/or non-existent.	Written

ASIC - 2024

No.	Member	Question	Hansard page and Hearing date or Written questions	Response (Publication date)
QoN 001	van Manen	What is being done to assist in instances of reports of unlicenced financial advice?	Written	Responses to questions 1 - 10 (20 November 2024) (PDF433KB)
QoN 002	van Manen	Within your Corporate Plan for 2024-25 it mentions that you have been reviewing direct sale of life insurance. Can you outline your findings?.	Written
QoN 003	van Manen	Within your Corporate Plan for 2024-25 it mentions that you have been supporting sustainability and energy transition. Can you please outline what efforts are taking place in supporting the transition to electronic vehicles?	Written
QoN 004	Spender	There are examples in the public domain – such as the Woolworths green bond issuance – that have caused people to question where Australian green bonds are actually being used to materially improve sustainability outcomes. Do you have any comments in relation to this case, or its broader implications?	Written
QoN 005	Spender	Can you explain why ASIC has issued a “class no-action position” in response to approaches by industry participants about whether second party opinion (SPO) providers may be providing financial product advice that requires them to hold an Australian financial services (AFS) licence?	Written
QoN 006	Lawrence	The reporting by ASIC in its annual report under section 2.3 Key Results omits mention of the number of actions commenced but settled prior to trial, or the number of actions otherwise discontinued. Please provide that information for the 2022/23 year.	Written
QoN 007	Lawrence	What was the total dollar value of settlements reached in 2022/2023?	Written
QoN 008	Lawrence	What is the reason the Total Dollar Value of Civil Penalties is reported but the total dollar value of settlements reached is not reported? Please indicate whether that information will be provided in subsequent reports.	Written
QoN 009	Lawrence	Does ASIC employ express guidelines to govern decisions made to settle litigations? If so, what are they? If not, would this be preferable?	Written
QoN 010	Lawrence	What changes, legislative or otherwise, would be required to increase the confidence of the organisation in pursuing litigations against large entities and their officers?	Written

Committee Secretariat contact:

Committee Secretary
Standing Committee on Economics
PO Box 6021
Parliament House
Canberra ACT 2600

Phone: (02) 6277 4587
economics.reps@aph.gov.au

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