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

The EM reads:

Under paragraph 327(1)(i) of the Credit Act, decisions made by ASIC are only subject to AAT review if the regulations specifically provide for this. As such, to ensure consistency across the application of the Corporations and Credit Acts to the regulatory sandbox, the Government intents that the regulations would specifically provide for AAT review for ASIC decisions relating to exemptions from the ACL requirements.

That appears to set out a legal reason why it needs to be specified in the regs. My question to you is: how can we be assured that this, which is a statement of government intent, will actually be a feature of the regime as implemented?