Ms Chester will commence with ASIC for a five-year period from 28 January 2019, replacing Peter Kell.
She has been the deputy chair of the Productivity Commission since May 2016, having been appointed a commissioner in December 2013, Treasurer Josh Frydenberg said in a statement.
During this time, Ms Chester presided on over 10 inquiries and projects, including the Productivity Commission’s three-stage review of the superannuation system.
In 2015, the government appointed Ms Chester to chair an expert panel that undertook a four-month capability review of ASIC, saying it resulted in a number of key changes to strengthen ASIC.
Ms Chester’s appointment follows the appointment of chair James Shipton, deputy chair Daniel Crennan, Danielle Press and Sean Hughes.
That’s a bit too much to ask from whoever runs ASIC and form this fast becoming stupid country I am afraid….
Can you imagine the immediate uproar if we had someone running the country properly and the ISA/union fund ponzi scheme was forced to operate like the rest of the industry?
At least they are a ‘union’ and have a voice. The mortgage brokers are also promptly banding together to stop the stupidity entering their field. Remarkable that with 25,000 advisers in the country the best the we could do as an industry is virtually nothing. Two wimp groups topping the useless tree and one other outsider group that appears to be at least getting some of the right attention but that’s about it.
Many have given up and get ready for Bill Shorten and the CFMEU running the country next year; exactly just like what is happening in Victoria.
I’m God not Santa…i can’t do everything
Then whose God are you?
Dear God, please let her be someone with enough sense, experience and intestinal fortitude to take on the ISA and expose them for the shonky practises, forcibly remove all union involvement and cash stripping they do under the guise of fees, and level out the playing field so the ISA have to disclose and operate exactly as the rest of the industry is expected, at all levels throughout their entire vertically integrated self interested conflicted structure. Amen