The Albanese Government will recommend to the Governor‑General that Sarah Court be appointed as the next Chair of the Australian Securities and Investments Commission (ASIC).
Ms Court has been an excellent Deputy and she'll be an outstanding Chair.
She is an experienced litigator and leader, and will make a positive impact on one of our major regulators.
Ms Court has more than 15 years' experience in senior statutory positions across various corporate regulators, a strong background in regulation, litigation, and enforcement, and deep expertise in upholding corporate standards and protecting market integrity.
Over the past five years, Sarah has substantially strengthened ASIC's enforcement and investigation capabilities.
Under her leadership, ASIC has delivered some of its strongest enforcement results on record-reflecting a sharper focus on protecting consumers, lifting standards across the financial system, and reinforcing the integrity of Australia's markets.
Ms Court will be the first woman to lead ASIC in its 35‑year history.
The Albanese Government has ushered in a wave of female leadership across Australia's top economic institutions, and this appointment is another milestone.
We appointed Michele Bullock as the first woman to lead the Reserve Bank of Australia, Danielle Wood as the Productivity Commission's first female chair, Jenny Wilkinson as the first woman to lead the Treasury and we're proud to appoint Sarah Court to lead ASIC.
ASIC plays a crucial role in ensuring Australia's economy and corporate sector are strong, stable and well‑regulated. It undertakes vital work in consumer protection and ensuring the integrity of Australia's financial markets.
On behalf of the Government, I want to thank Joseph Longo, who will finish up as ASIC Chair on 31 May 2026.
Mr Longo has made a significant contribution to ASIC's work, including through his focus on enforcement and consumer protection initiatives, his work on public and private markets and strengthening the Commission's organisational capability.
Sarah will start her new job on 1 June for a term of five years.
The Albanese Government's three big economic priorities this year are addressing inflation, productivity and global uncertainty, and having well‑led financial regulators is an important part of that.
