Regulator receives funding boost
The Federal Government is increasing its funding of ASIC.
The increase, which is contained in the detail of the Federal Budget, means ASIC will receive an extra $81.9 million over four years to help improve its monitoring and enforcement activities and manage the ongoing effects of the global recession.
Superannuation Minister Nick Sherry says it is essential to have a properly resourced regulator to “ensure maximum investor protection and market integrity”.
The increase, which is contained in the detail of the Federal Budget, means ASIC will receive an extra $81.9 million over four years to help improve its monitoring and enforcement activities and manage the ongoing effects of the global recession.
Superannuation Minister Nick Sherry says it is essential to have a properly resourced regulator to “ensure maximum investor protection and market integrity”.