ASIC - CDDA Scheme - Access for Victims of ASIC defective administration

Question

1. Why is the CDDA Scheme (the Scheme for Compensation for Detriment caused by Defective Administration) not available where ASIC has been defective in their administration? 2. Has ASIC provided advice to Treasury, the Treasurer, the Assistant Treasurer, or their offices on this issue? On which date? 3. Has ASIC in the past 4 years asked for internal or external legal advice regarding section 12(3) of the ASIC Act?

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000305 BET053 - ASIC - CDDA Scheme - Access for Victims of ASIC defective administration.pdf (opens in a new tab)