This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager.

ASIC funding should be run on user-pays model, superannuation lobby group says

( January 3, 2017, 09:34 GMT | Insight) -- If Australia's corporate watchdog is going to be self-funded, a user-pays model should be adopted, according to Industry Super Australia, the Sydney Morning Herald reports. Companies that take more of the Australian Securities and Investments Commission's time should pay more, the peak body for industry funds said, which meant banks should shoulder the lion's share of the costs as they caused more problems. The current proposal charges superannuation trustees based on how much money they are managing. But Industry Super Australia says that one-size-fits-all cost model was misguided, and that a better one could take into account a company's enforcement or breach actions, how much compensation it paid, and how often it was investigated....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections