Senator the Hon Mathias Cormann

The Government has completed a thorough evaluation of final private sector bids to upgrade and operate the Australian Securities and Investments Commission (ASIC) registry functions and decided not to proceed further.

The reason the Government decided not to proceed with the commercialisation of the ASIC Registry is that the final bids received did not deliver a net financial benefit for the Commonwealth.

The Government appreciates the private sector’s participation throughout the competitive tender process.

Learnings from this process will now feed into the Government’s consideration of future approaches and improvements to Government registry functions.

Further information is available on the Department of Finance website: http://www.finance.gov.au