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