Deborah O'Neill (NSW, Australian Labor Party, Shadow Assistant Minister for Innovation) Share this | Hansard source

I rise to speak in support of the Treasury Laws Amendment (ASIC Governance) Bill 2018. This bill amends the ASIC Act to provide the Governor-General with the discretion to appoint a second deputy chairperson of ASIC. We note that the government has also announced its intention to nominate Mr Daniel Crennan QC to this role. Labor supports an additional deputy chairperson. As the explanatory memorandum notes, amending the ASIC Act to provide for two deputy chairpersons will assist ASIC in operating as an effective and efficient regulator.