A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission in Perth on 27 August 2013.
Tonight, I want to focus on the road ahead for ASIC. Before doing this, I’ll comment on the importance of the WA economy and ASIC’s WA office.
The WA economy
Western Australia is home to 43% of ASX listed entities; 78% of these companies are in the resources and energy sector.
Western Australia also has approximately:
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11% of the national population
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16% of the national gross domestic product (GDP)
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9% of Australian financial service licence holders
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13% of credit licensees
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8% of registered auditors.
The WA economy has been the best-performing economy in Australia for some years when measured against a combination of factors ...