ISA has provided comment on the exposure draft of the Financial Sector Reform (Hayne Commission Response – Stronger Regulators (2020 Measures)) Bill 2020 and the Financial Regulator Assessment Authority Bill 2020 (Assessment Authority) Bill 2020.
ISA is supportive of the measures contained in the Bill. However, it is not immediately clear that the proposed changes will resolve the ongoing lack of clarity regarding the respective roles of the regulators, which now intersect more.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.