Issued 30 March 2011
This is a guide for experts and any person who commissions, issues or uses an expert report.
It explains how ASIC interprets the requirement that an expert is independent of the party that commissions the expert report (commissioning party) and other interested parties.
Note: In this guide, a reference to expert means the person or entity that issues the report. In most cases, this will be a corporate entity holding an Australian financial services licence, even though a senior director or employee may sign the report in the name of the corporate entity and be principally responsible for preparing the report.