ASIC staffing will increase by 17 per cent over the 2025/2026 financial year, last night’s budget papers show.
Average staffing levels at ASIC next year are expected to be 2555, up from 2188 this financial year.
APRA will receive a modest increase in staffing.
Another matter clarified in the budget was:
• Confirmation the government is prepared to ban debit card surcharges, “subject to further work by the RBA and safeguards to ensure small businesses and consumers can benefit from lower cost payments.”