Monday, 9 January 2017

ASIC-ATO Information sharing

This exposure draft legislation which enables ASIC to share information with the ATO without the need for approval of the Chairperson of ASIC. AIST supports measures to promote the streamlining of flows of information between ASIC and the ATO, and the removal of red tape such as this. AIST also supports measures aimed at curtailing illegal activity and believes that this measure can only improve law enforcement efforts. As such, we support this exposure draft.