Top Enforcement Official Sarah Court Named New Head of Australian Corporate Watchdog
Appointment signals aggressive approach to misbehaving businesses under new ASIC leadership
The appointment comes at a time when ASIC faces pressure to demonstrate it can effectively police corporate Australia after criticism of its handling of several high-profile scandals. Court has previously stated her belief in the importance of policing the rules of the game to maintain market integrity. Her appointment suggests the government wants ASIC to take a more aggressive stance on enforcement, potentially leading to increased prosecutions of corporate misconduct.
Analysis
Why This Matters
ASIC leadership sets the tone for corporate enforcement across Australia. A tough-on-crime approach could change business behavior.
Background
ASIC has faced criticism for being too close to the industries it regulates and slow to act on consumer complaints.
Key Perspectives
Business groups may worry about increased regulatory burden, while consumer advocates will welcome stronger enforcement.
What to Watch
Early enforcement actions under Court leadership will signal whether the tough rhetoric translates to action.