| ASIC tender bid for private firm |
AUSTRALIA’S company and financial services watchdog’s administration centre in Traralgon could be privatised.
The Federal Government has opened indicative bids to test the market for private operators for the Australian Securities and Investments Commission registry, which employs up to 350 people.
However, Finance Minister Mathias Cormann stressed the government would “also take into account its strong preference for the ASIC Registry to maintain its existing operations in Traralgon and the Latrobe Valley area more broadly”.
“There is an active and growing private sector market for operating sophisticated data services, potentially delivering improved accessibility, efficiency and functionality of the ASIC Registry,” Senator Cormann said.
Should a private operator be chosen, it would be responsible for upgrading, running and “adding value” to ASIC’s current functions.
Indicative bids close on February 23.
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