Senate debates

Monday, 18 April 2016

Questions without Notice

Australian Securities and Investments Commission

2:11 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The Treasurer has not ignored any relevant warnings in relation to the resourcing of ASIC. As the senator well knows, there has been a Senate inquiry into the performance of ASIC, which was also followed by a capability review initiated by this government in July last year. As you would expect any responsible government to do, we review the resourcing arrangements for all agencies of government on a regular basis. As the senator would be aware, there is going to be a budget on 3 May, and I would expect that there will be relevant announcements in the context of the budget.

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