{ "entity_id": "O-000933", "folder": "Australian-Securities-and-Investments-Commission", "name": "Australian Securities and Investments Commission", "type": "Non-corporate Commonwealth Entity", "jurisdiction": "Commonwealth", "portfolio": "Treasury", "website": "https://asic.gov.au", "data_status": "rich", "completeness": { "has_strategy_brief": true, "has_strategy_structured": true, "has_vision": true, "has_kpi_targets": true, "has_kpi_results": true, "has_strategy_overview": true, "has_legislation_text": true, "has_legislation_structured": true, "has_global_initiatives_text": true, "has_global_initiatives_structured": true, "n_global_initiatives": 9, "has_ideas": true, "has_artifacts": true, "n_ideas": 8, "n_legislation": 11, "n_artifacts": 16, "n_kpi_targets": 4, "n_kpi_results": 4, "n_outcomes": 1, "verified_own_data": true }, "strategy_profile": { "status": "published", "confidence": "high", "summary": "To monitor and promote market integrity and consumer protection in the 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It focuses on regulatory cooperation and innovation in financial services.", "why_relevant": "", "find_more_title": "FSB Digital Financial Services", "find_more_url": "https://www.google.com/search?q=Financial+Stability+Board+Digital+Financial+Services" }, { "name": "Singapore Fintech Regulatory Sandbox", "focus_area": "Advance digital and data resilience and transparency across markets", "jurisdiction": "Singapore", "run_by": "Monetary Authority of Singapore (MAS)", "year": "2016", "status": "Active", "what_it_does": "The Regulatory Sandbox allows fintech companies to test innovative financial products, services, and business models in a controlled environment. 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"key_activities": [ "Enforcement and Regulation", "Registry", "Engagement and Unclaimed money" ], "source_page": 12 } ], "values": [ "Monitor and promote market integrity and consumer protection", "Enforce the law effectively and with minimal procedural requirements", "Promote confident and informed participation of investors and consumers in the financial system", "Take whatever action we can, and which is necessary, to enforce and give effect to the law" ], "values_framework_name": "None", "kpi_targets_2025_26": [ { "code": "3.1", "measure": "Percentage of company and business name registration applications determined within target", "target": "Equal to or greater than 90% of applications determined within target", "source_page": 29 }, { "code": "3.2", "measure": "Percentage of AFS licence applications determined within target", "target": "70% within 150 days, and 90% within 240 days, of receiving a complete application", "source_page": 29 }, { "code": "4.1", "measure": "Number of visits to ASIC’s Moneysmart website", "target": "Establish a baseline in 2025–26", "source_page": 30 }, { "code": "5.1", "measure": "Percentage of refunds of unclaimed money paid to successful claimants", "target": "Equal to or greater than 80% of unclaimed money applications completed within 60 days", "source_page": 30 } ], "kpi_results_2024_25": [ { "code": "3.1", "measure": "Percentage of company and business name registration applications determined within target", "result": "N/A", "status": "Not achieved", "source_page": 261 }, { "code": "3.2", "measure": "Percentage of AFS licence applications determined within target", "result": "N/A", "status": "Not achieved", "source_page": 261 }, { "code": "4.1", "measure": "Number of visits to ASIC’s Moneysmart website", "result": "11.7m", "status": "Achieved", "source_page": 261 }, { "code": "5.1", "measure": "Percentage of refunds of unclaimed money paid to successful claimants", "result": "Equal to or greater than 80% of unclaimed money applications completed within 60 days", "status": "Achieved", "source_page": 261 } ], "_source_urls": { "annual_report_url": "https://download.asic.gov.au/media/llbhx4al/asic-2025-annual-report-full-report.pdf", "corporate_plan_url": "https://download.asic.gov.au/media/xbtjrb4m/asic-corporate-plan-2025-26-published-27-august-2025.pdf" } }, "ideas": [ { "id": "license-processing-speed", "category": "Case Processing", "title": "Accelerate AFS Licence Application Processing", "scale": "Medium", "impact": "Medium", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Financial service providers", "description": "Introduce a fast-track processing pathway for AFS licence applications that meet all regulatory criteria to reduce the average processing time from 240 days to 120 days.", "evidence_quote": "'Percentage of AFS licence applications determined within target: 70% within 150 days, and 90% within 240 days of receiving a complete application' [CP p.20]", "source": "annual-reports/2025.pdf", "implementation_steps": [ "Develop a fast-track processing protocol", "Train staff on new processes", "Monitor and report on performance metrics" ], "risks_to_manage": [ "Increased workload for staff", "Risk of errors in fast-tracked applications", "Need for additional resources" ] }, { "id": "digital-surveillance-tools", "category": "Regulation & Policy", "title": "Implement Advanced Digital Surveillance Tools", "scale": "Large", "impact": "High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Market participants", "description": "Adopt advanced AI-driven surveillance tools to enhance real-time monitoring of market activities and detect anomalies more efficiently.", "evidence_quote": "'Advance digital and data resilience and transparency across markets' [CP p.57]", "source": "corporate-plans/2025-26.pdf", "implementation_steps": [ "Conduct a needs assessment", "Select and procure suitable technology", "Integrate with existing systems and train staff" ], "risks_to_manage": [ "High initial setup costs", "Data privacy concerns", "Resistance to new technology" ] }, { "id": "moneysmart-website-engagement", "category": "Citizen Participation", "title": "Boost Engagement on Moneysmart Website", "scale": "Small", "impact": "Medium", "effort": "Medium", "proof": "Evidence-backed", "beneficiaries": "Consumers", "description": "Increase visitor engagement on the Moneysmart website by introducing interactive financial education modules and regular updates on financial trends.", "evidence_quote": "'Number of visits to ASIC’s Moneysmart website: Establish a baseline in 2025–26' [CP p.20]", "source": "corporate-plans/2025-26.pdf", "implementation_steps": [ "Develop interactive content", "Promote through social media and partnerships", "Track and analyze engagement metrics" ], "risks_to_manage": [ "Content creation workload", "Technical issues with new modules", "Engagement plateau" ] }, { "id": "claims-refund-efficiency", "category": "Procurement & Delivery", "title": "Optimise Refund Processing for Unclaimed Money", "scale": "Small", "impact": "High", "effort": "Medium", "proof": "Evidence-backed", "beneficiaries": "Claimants", "description": "Streamline the refund process for unclaimed money to reduce the average processing time from 60 days to 30 days.", "evidence_quote": "'Percentage of refunds of unclaimed money paid to successful claimants: Equal to or greater than 80% of unclaimed money applications completed within 60 days' [CP p.20]", "source": "annual-reports/2025.pdf", "implementation_steps": [ "Audit current refund processes", "Implement a more efficient payment system", "Monitor and report on performance" ], "risks_to_manage": [ "System integration challenges", "Increased operational costs", "Compliance with legal requirements" ] }, { "id": "global-best-practices-adoption", "category": "Strategy & Reform", "title": "Adopt Global Best Practices in Regulatory Oversight", "scale": "Large", "impact": "Very 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