ASIC Enforcement Review – Strengthening ASIC’s Licensing Powers

Jul 26 2017

ASIC Enforcement Review                                                                  
Financial System Division
The Treasury
Langton Crescent
PARKES ACT 2600  

By Email: ASICenforcementreview@treasury.gov.au

Dear Madam/Sir

ASIC Enforcement Review – Strengthening ASIC’s Licensing Powers

The National Credit Providers Association (NCPA) welcomes the opportunity to make a submission on the ASIC Enforcement Review - Strengthening ASIC’s Licensing Powers.

The NCPA is in-principle supportive of the proposal to provide the Australian Securities Investment Commission (ASIC) with greater regulatory powers in relation to licence cancelation and/or suspension where ASIC forms the view that behaviour of an ACL holder is unprofessional, and promotes a product or products that have been designed to avoid the intention of the law.