Experts assembled to shape possible ASIC/Mint sale
The Government has named the business and legal bosses in charge of the future of the Australian Securities and Investment Commission and the Royal Australian Mint.
It says the cross-industry figures will lead scoping studies into “future ownership options” for the services.
Authorities from Greenhill (business advisers) and Ashurst (legal advisers) have been brought in to review the registry services of the Australian Securities and Investment Commission
CIMB (business advisers) and King & Wood Mallesons (legal advisers) will look at the Royal Australian Mint.
The advisers are expected to provide independent advice and recommendations about the potential sale or restructure of the services in a way that maintains service levels for customers and investors.
The Government says it wants to minimise any residual risks and liabilities it may incur, while maximising the benefits it receives at the same time.
Should the assets be sold, all proceeds will be recycled into infrastructure through the Asset Recycling Fund.