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ASIC Focus on Protecting Vulnerable Consumers and Small Businesses in 23-24
ASIC has announced it will take further enforcement action to protect Australian consumers and small businesses in an environment where scams, digitally-enabled misconduct and predatory lending practices are increasingly prevalent.
Releasing the organisation’s Corporate Plan for 2023-27. ASIC Chair Joe Longo said the plan follows a year of progress against the organisation’s strategic priorities and strong enforcement outcomes in 2022-23.
As outlined on page 7 of the plan, ASIC’s key strategic priorities include:
ASIC has announced it will take further enforcement action to protect Australian consumers and small businesses in an environment where scams, digitally-enabled misconduct and predatory lending practices are increasingly prevalent.
Releasing the organisation’s Corporate Plan for 2023-27. ASIC Chair Joe Longo said the plan follows a year of progress against the organisation’s strategic priorities and strong enforcement outcomes in 2022-23.
As outlined on page 7 of the plan, ASIC’s key strategic priorities include:
- product design and distribution
- sustainable finance
- protecting vulnerable customers, including those planning for retirement, and
- Technology risks.
Author: Roza Lozusic, Executive Director Policy & Strategy | [email protected]