Budget 2018: Funding reduced at corporate regulator ASIC amid banking royal commission revelations – ABC News (Australian Broadcasting Corporation)

ASIC sign

Funding is being cut at Australia’s corporate regulator and staffing levels will be reduced, according to figures in Tuesday’s federal budget.
Key points:

ASIC will lose $28 million in Government funding over next three years
Average staffing levels will drop by 2 per cent — 30 positions — next financial year
ABC understands reduction is largely related to specific programs winding up

 

Average staffing levels will be reduced next year by 2 per cent, or 30 positions.

via Budget 2018: Funding reduced at corporate regulator ASIC amid banking royal commission revelations – ABC News (Australian Broadcasting Corporation)