ASIC Consultative Panel

The ASIC Consultative Panel was established in 2020, replacing the former External Advisory Panel.

The Panel enables ASIC to consult on proposed regulatory changes; provides intelligence on the external environment – including market conditions, to assist ASIC in identifying potential threats and harms in the sectors we regulate, and provide input into ASIC’s strategic and forward planning, including organisational uplift. Panel members are senior representatives from the academic, consumer, industry, legal and regulatory sectors and are appointed in their personal capacity.

The current members are:

• Alan Kirkland (CEO, CHOICE)
• Alistair Muir (Managing Director, Vanteum; Non-Executive Director, Bendigo and Adelaide Bank, Helia (formerly Genworth)
• Anne Anderson (Board Investment Committee Member, REST)
• Brad Holzberger (Former CIO, QSuper)
• Catherine Walter AM (Director: AFIC, Export Finance Australia and Barristers Chambers Limited)
• Catherine Wolthuizen (Ombudsman and Chief Executive, Energy and Water Ombudsman Victoria. Formerly of Financial Ombudsman Service UK and Australia)
• Debby Blakey (CEO, Hesta)
• Deborah Cope (Member, Independent Pricing and Regulatory Tribunal [NSW])
• Dimity Kingsford Smith (Professor, Faculty of Law, UNSW)
• Fiona Guthrie (CEO, Financial Counselling Australia)
• Geoff Warren (Associate Professor [applied investment research], ANU)
• Gerard Brody (Board Member, AFCA)
• Ian Ramsay AO (Professor [Commercial Law], Melbourne Law School)
• Jillian Broadbent AC (Director, Macquarie Group Limited and former Woolworths Group, Swiss Re, Chancellor of University of Wollongong)
• John Laker AO (Chair, ING and Former Chair, APRA)
• Karyn Sobels (Director: Australian Chamber of Commerce and Industry and Australian Business Growth Fund)
• Lynwen Connick (Chief Information Security Officer, ANZ)
• Michael Dwyer (Former CEO, First State Super)
• Nicholas Davis (Industry Professor [Emerging Technology] and Co-director, Human Technology Institute, UTS)
• Peter Strong (Former CEO, COSBOA)
• Pippa Downes (Investment Committee, AustralianSuper)
• Raphael Arndt (CEO, Future Fund)
• Robert Johanson AO (Former Chair, Bendigo and Adelaide Bank)
• Robynne Quiggin (Associate Dean [Indigenous Leadership and Engagement], UTS)
• Ross Buckley (Scientia Professor [Private and Commercial Law] UNSW and Member RBA Payment Systems Board)
• Susan Thorp (Professor of Finance and Associate Dean of Research, University of Sydney)

ASIC Consumer Consultative Panel

ASIC’s Consumer Consultative Panel (ACCP), formerly the Consumer Advisory Panel (CAP) was established in November 1998 after ASIC assumed regulatory responsibility for consumer protection in financial services.

The ACCP is one of a number of ASIC consultative panels that support and enhance the work of ASIC.

The ACCP:

• tells us about current and emerging consumer issues they see in the sectors we regulate;
• provides feedback on proposed regulatory changes; and
• informs—through an evidence base of practical consumer and investor experience—the development and delivery of ASIC's strategic and operational objectives.

The ACCP has an external Chair who is independent of ASIC. The current Chair is Gordon Renouf.

Panel members are appointed by ASIC based on relevant expertise and experience. Current Panel members include:

• Fiona Balzer, Australian Shareholders’ Association (ASA)
• Robert Brown, ADF Financial Services Consumer Centre (ADF FSCC)
• Professor Gail Pearson, Consumers’ Federation of Australia (CFA)
• Tania Clarke, Consumer Action Law Centre (CALC)
• Rosie Thomas, CHOICE
• Pauline Smith, Financial Counselling Australia (FCA)
• Karen Cox, Financial Rights Legal Centre (FRLC)
• Bettina Cooper, Mob Strong Debt Help, Financial Rights Legal Centre (FRLC)
• Jillian Williams, Indigenous Consumer Assistance Network (ICAN)
• Dana Beiglari, Legal Aid NSW (LAN)
• Findley Hipkin, Legal Aid NSW (LAN)
• Xavier O’Halloran, Super Consumers Australia (SCA)

The panel meets at least 3 times a year including a joint meeting with the ACCC’s equivalent consumer panel, the Consumer Consultative Committee.

Read more about the work of ASIC Panels in ASIC’s Annual Reports.

ASIC Indigenous Advisory Group

The ASIC Indigenous Advisory Group helps inform ASIC on how to understand and address priorities of First Nations consumers and communities in the financial system.

More about the ASIC Indigenous Advisory Group

Business Advisory Panel

The ASIC Business Advisory Panel formally met for the last time in December 2020. This is due to ASIC's statutory registry functions and powers being transitioned to the Commissioner of Taxation in a Machinery of Government (MoG) administrative change, which took place on 15 April 2020.

More about the Machinery of Government (MoG)

Corporate Governance Consultative Panel

The Corporate Governance Consultative Panel was established in 2020, replacing the former Directors’ Advisory Panel.

The Panel enables ASIC to gain a deeper understanding of developments and emerging issues in corporate governance practices. Members of the Panel include listed company directors, industry associations representatives, institutional investors and academics.

The current members are:

• Joe Longo, Chair, ASIC
• Karen Chester, Deputy Chair, ASIC
• Sarah Court, Deputy Chair, ASIC
• Kate O’Rourke, Commissioner, ASIC
• Greg Yanco, Executive Director, Regulation & Supervision, ASIC
• Claire LaBouchardiere, Senior Executive Leader, Companies & Small Business, ASIC
• Maree Arnason, listed company director
• John Atkin, Australian Institute of Company Directors
• Alice Bailey, Business Council of Australia
• Fiona Balzer, Australian Shareholders Association
• Helen Bird, Swinburne University
• Louise Davidson AM, Australian Council of Superannuation Investors
• David Fagan, listed company director
• Dr Danyelle Guyatt, Climate Insight
• Andrea Hall, listed company director
• Ming Long AM, listed company director
• Michael Malone, listed company director
• Jan McCahey, PricewaterhouseCoopers
• Rebecca McGrath, listed company director
• Megan Motto, Governance Institute of Australia
• Helen Silver, listed company director
• Kirsten Simpson, Future Fund
• David Thodey, listed company director
• Peter Turnbull AM, listed company director
• Peter Warne, listed company director

Observers include:

• Christian Gergis, Australian Institute of Company Directors
• Kate Griffiths, Australian Council of Superannuation Investors.

Cyber Consultative Panel

The Cyber Consultative Panel is an independent group of senior members from the financial services industry that advises ASIC on our supervisory approach for the cyber resilience of financial services and markets. The Panel shares emerging threats and other market developments for regulatory consideration.

Panel members have relevant experience across a variety of disciplines pertaining to cybersecurity and cyber resilience in financial services and markets. Panel members include:

• Calissa Aldridge, Executive Director - Markets, ASIC
• Nathan Bourne, Senior Executive Leader - Market Infrastructure, ASIC
• Mike Backeberg, Australian Super
• Lynwen Connick, ANZ Banking Group
• Christian Gergis, Australian Institute of Company Directors
• Hamish Hansford, Department of Home Affairs
• Phil Anderson, Financial Planning Association of Australia
• Heath Rolls, Reserve Bank of Australia
• Elizabeth Skirving, Council of Small Business Organisations Australia
• Alison Bliss, Australian Prudential Regulatory Authority

The role of the Panel is to provide ASIC strategic advice from an industry perspective on:

• best practices in cyber and operational resilience and related fields
• emerging cyber and operational resilience trends, risks and issues, including emergent disruptive technologies or approaches
• any significant obstacles and barriers for the delivery of ASIC’s cyber and operational resilience strategy.

Digital Finance Advisory Panel

The Digital Finance Advisory Panel helps inform ASIC on how to focus its efforts in the fintech area.

More about the Digital Finance Advisory Panel

FICC Markets Consultative Panel

The FICC Markets Consultative Panel advises ASIC on its approach to its responsibilities for supervision and surveillance of Australian fixed income, currencies and commodities markets, and on broader market developments.

The Panel comprises senior members from the financial services industry who bring extensive experience and a range of perspectives across FICC markets. Panel members include:

• Calissa Aldridge, Executive Director, ASIC Markets
• Rhys Bollen, Senior Executive Leader, ASIC Market Supervision
• Anthony Robson, Yieldbroker
• Brad Perry, Australian Office of Financial Management
• Chris Charnock, UBS
• Drew Bradford, formerly of NAB
• Duncan Haig, Barrenjoey
• Max Bulloch, Westpac
• Paul Banks, Future Fund
• Tom Lovell, TP ICAP
• Tony Togher, First Sentier Investors.

The Panel provides advice on:

• FICC market supervision, including participant supervision and promotion of market integrity and efficiency
• FICC-related regulatory proposals being considered by ASIC
• developments and emerging issues in FICC markets, such as innovation by participants and trading platform providers.

Financial Advisers Consultative Panel

The Financial Advisers Consultative Panel (FACP) supplements ASIC's existing engagement with the financial advice industry by:

• contributing to our understanding of issues in the financial advice industry
• improving ASIC's capacity to identify, assess and respond to emerging trends in the financial advice industry
• enhancing our relationships with our key stakeholders.

The members of the FACP are practising financial advisers with a range of skills across the following areas:

• insurance
• superannuation
• self-managed superannuation funds
• digital financial advice.

The FACP will provide ASIC with views on a broad range of issues relating to the financial advice industry.

FACP Members

• Andrew Albury
• Brendan Hughes
• Angela Martyn
• Delma Newton
• Sam Perera
• Tracey Scotchbrook
• Karen Walmsley
• Chris Webster
• Liz Westover

FACP Terms of Reference

Terms of Reference - Financial Advisers Consultative Panel (PDF 139 KB)

Markets Consultative Panel

The Markets Consultative Panel is an independent group of senior members from the financial services industry that advises ASIC on its approach to its responsibilities for day-to-day supervision of the Australian market and on broader market developments.

Panel members have experience in the legal, compliance, retail, institutional and market making aspects of the industry. Panel members include:

• Calissa Aldridge, Executive Director, ASIC Markets
• Rhys Bollen, Senior Executive Leader, ASIC Market Supervision
• Benjamin Cohn-Urbach, A/ Senior Executive Leader, ASIC Market Infrastructure
• Keith Birch, Goldman Sachs
• John Lee, Susquehanna Pacific
• Dean Surkitt, Bell Financial Group
• Scott Webster, FNZ Securities
• Simon Gray, Chair of ASIC's Markets Disciplinary Panel
• Andrew Stewart, Macquarie Bank
• Carole Comerton-Forde, University of Melbourne
• Richard Burns, CommSec
• Barry Parker, formerly of ABN AMRO Clearing
• Eugene Budovsky, Barrenjoey
• Trent Hayes, AustralianSuper
• Dion Cooney, Alliance Bernstein

The panel provides advice on:

• market structure initiatives, including ASIC’s proposals on market-related deregulatory initiatives and efficiencies
• market supervision, including market surveillance and participant supervision, and
• emerging market issues, such as innovation by market operators and participants.