01.Peter Kell has the right stuff for ASIC role
From the ACCC to ASIC
Former CHOICE CEO Peter Kell is changing hats at the sharp end of consumer regulation by moving from the Australian Competition and Consumer Commission (ACCC) to become a full time commissioner at the Australian Securities and Investments Commission (ASIC).
CHOICE says it’s great to see Peter Kell back at ASIC, where he previously worked in the consumer protection division. He has been appointed as an ASIC commissioner, along with Greg Tanzer, who had run ASIC’s consumer protection division.
The consumer watchdog says the appointment of not one, but two commissioners with a strong understanding of consumer protection, gives the community confidence that the government and ASIC are committed to consumer protection.
What treasurer Wayne Swan says
Choice says Treasurer Wayne Swan’s appointment of two commissioners with strong consumer protection backgrounds is timely and entirely appropriate, given ASIC’s role and the large number of consumer protection reforms currently underway.
In a statement the treasurer Wayne Swan said: “The appointments ...will further build on the Commission's capacity to implement the Government's significant investor protection initiatives. These include reforms to how financial advice is provided to consumers, consumer credit reforms and measures to boost financial literacy.”
Peter Kell's strong record in consumer protection
Peter Kell has been deputy chair at the ACCC and has a strong record as a consumer advocate in his various roles, including a board membership of the global consumer organisation, Consumers International.
Peter Kell's appointment as a full time ASIC commissioner will be for seven years.