Governor-General The Honourable David Hurley has signed the
Australian Securities and Investments Commission (ASIC) Order 2000 and the
unclaimed consideration for compulsory acquisition of ASIC’s properties.
The property to be acquired is worth $1,527,862 and the proceeds of sale are
to be placed in the Consolidated Fund. In addition, ASIC has paid the
unclaimed consideration of $8,600,000 to the Commonwealth of Australia.
The property is acquired from ASIC as it has been vacant for a number of years. The
property has undergone a number of construction works in the recent past, and has
been subject to storm water and road overburden works. This has led to the
condition of the property to be substantially impaired.
It is not ASIC’s policy to inform persons as to whether ASIC has claims or
interests in a property prior to acquisition.
ASIC is committed to providing better services to the Australian public and
businesses by streamlining the regulation of financial services, strengthening the
enforcement of laws and regulations, improving ASIC’s effectiveness and
customer service, and by making ASIC’s services available in a cost-effective way.
These changes are made to benefit the public and to create greater opportunities
for Australian businesses to compete in a global marketplace.
ASIC has a strong reputation for its high-quality products, customer service and
innovation. ASIC provides comprehensive information and support to its
regulated communities, working with business and industry to deliver better
services and outcomes for consumers and businesses. ASIC’s commitment to
customer-centred and consumer-focused regulation means that a customer’s needs
are central to all of ASIC’s work. ASIC’s high-quality financial services are
recognised as being among the best in the world and in March 2011, the
International Association of Securities Commissions (IASC) declared ASIC as
‘leading the way’ in the area of enhanced supervision.
ASIC collects information about all major credit licence holders and includes it
in its credit databases for the purposes of implementing the credit reporting
regime and ensuring that the credit reporting system is effective.
This information is collected from licence holders and other sources. ASIC does
not hold contact information on individuals or businesses. However, ASIC has a
world-class fraud detection capability and includes a broad range of information,
including all licence holders’ names ac619d1d87
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