ASIC’s $90,000 Leadership Forum budget | Australian Markets
The Australian Securities and Investments Commission (ASIC) has budgeted more than $90,000 to carry is annual Leader’s Forum, at a complete value per individual of $1,113.
The value of the discussion board, to be held this week, has been revealed in reply to questions requested during Senate Estimates by Federal Opposition frontbencher, Senator Michaelia Cash.
The occasion was held on Monday and Tuesday this week, with the venue rent listed as costing $9,500; whereas catering for about 82 attendees was costed at $26,238 and the associated fee of a grasp of ceremonies, session facilitators and journey bills was costed at $44,152.
Consistent with the title of the occasion as a Leader’s Forum, the attendees are 82 executives within the higher echelons of ASIC together with the chair, Joe Longo, chief govt, Greg Yanco, all of the ASIC commissioners plus others such because the Senior Executive Leader, Financial Advisers and Investment Management, Leah Sciacca and the Senior Executive Leader, Superannuation and Life Insurance, Jane Eccleston.
Senator Cash referenced a contract printed on the Austender web site and requested ASIC what occasion the expenditure associated to and to offer an itemised record of all prices and a visitor record.
ASIC made clear in its reply to Cash that its costings have been essentially incomplete as a result of the occasion had not truly been held when her questions have been answered.
The budgeted $90,000 value for the 2025 Leadership Forum compares to $81.728 spent in 2024.
Last yr’s Leadership Forum was closely targeted on the outcomes of the regulator’s inaugural Culture Survey for which Austender documentation reveals Human Synergistics Australia Pty Ltd was paid $43,450.
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