Jenny McAllister (NSW, Australian Labor Party, Shadow Cabinet Secretary) Share this | Hansard source

In the course of their submission, one of the civil society groups made the point that the product intervention power represents a possible avenue of intervention for ASIC should one of these products be performing in a way that was not expected at the time it was admitted into the sandbox. Do you consider that the PIP would be a component of the safeguards, or are there adequate safeguards built into the regime in terms of the capacity for ASIC to intervene should a product not be functioning as anticipated?