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New Regime Empowers Australian Regulators to 'Disqualify' Executives

New Regime Empowers Australian Regulators to 'Disqualify' Executives

by Starling Insights

Starling Insights Editorial Board

Observations

Two weeks ago, the Australian government introduced the Financial Accountability Regime Bill 2022, frequently referred to as the FAR. The bill gives power to the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) to investigate and punish misconduct, and to hold specific individuals accountable for such.

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