Parliamentary Joint Committee on Corporations and Financial Services 
Australian Securities and Investments Commission 
Public hearing: Wednesday, 18 November 2020 
Answers to Questions on Notice 
 
Question No:   
  003 
Reference:     
Hansard page 44 
Committee Member:    Senator Bragg 
 
 
Questions: 
Senator BRAGG: How many people at ASIC have credit cards?  
Mr Day: I think that number is around about 1,400, but I'l  have to take that on notice.  
Senator BRAGG: Who signs off on the credit card usage of the commissioners?  
Mr Day: The commissioner's sign-off has been done previously by the chair, James Shipton, and 
his own credit card has been signed off by the chief financial officer. The commissioner had 
given consideration to amending that so that I would be signing off on the acquittals of credit 
cards and approvals of credit cards for the commission, but we haven't finalised that at the 
moment. So, as it stands at the moment, the sign-off is still the acting chair for the other 
commissioners and for the executive directors, but, as I said, for the acting chair it would be the 
chief financial officer. 
 
Answers: 
ASIC have 1168 credit card holders.  
 
ASIC’s credit card acquittal process has been amended, by Commission decision, to enable the 
Chief Operating Officer to be accountable for review and sign off on each Commissioner’s credit 
card expenditure. 
 
  

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