Treasury said the consultation period on the second phase will run until late January and will be followed by two more rounds of consultation during 2019, suggesting any further legislative changes will be some time away.
The agency under Guo has imposed penalties as large as $110 million, fired banks executives, and publicly disclosed the violations.
“Firstly, at a macro level, to identify characteristics of effective regulation that could be strengthened,”
The authorisation further enables SANNE to provide an enhanced suite of services to Asia-Pacific (APAC) alternative investment managers, in addition to its existing offering as a trust or company service provider.
What’s more, in a further abuse of good governance practices, Liu holds the chairman’s seat as well as serving as CEO.