Lodge online

Register for online access

How to lodge

Download paper forms

Search all forms

Search ASIC registers


Search financial services/credit licensees and representatives, liquidators, auditors and more

Professional registers


More information

Lodge online

decrease text size increase text size print page
14-099MR ASIC reports on red tape reduction and invites feedback

Wednesday 7 May 2014

ASIC today released a report outlining ongoing and new initiatives to cut red tape and lower compliance costs for its regulated population.

The report outlines ASIC’s recent progress in areas such as financial services licensing and business names registration.

The report also highlights the compliance cost savings that result from ASIC’s ongoing work such as international engagement and waivers and guidance.

ASIC Commissioner John Price said, ‘ASIC is committed to cutting unnecessary red tape through both our business-as-usual work and specific deregulatory initiatives.

‘We invite feedback from businesses and individuals about the effectiveness of the measures we have adopted and, importantly, what further actions or initiatives can be taken.’

The specific areas in which ASIC is currently seeking suggestions are:

ASIC is asking for deregulatory ideas that would not undermine its strategic priorities and where submissions show that any regulatory detriment from the proposal is minimal and is outweighed by commercial benefits.

While ASIC welcomes ongoing feedback and suggestions from its stakeholders, initial feedback is sought by 18 June 2014.

Report 391 ASIC’s deregulatory initiatives (REP 391)

decrease text size increase text size print page