New CEO to Enforce Corporate Watchdog’s Rules of the Game
In a significant development for Australia’s corporate regulation, the Australian Securities and Investments Commission (ASIC) will soon have a new leader. Sarah Court, the current deputy chair, is set to take the helm on June 1, 2026. Her appointment marks a pivotal moment, as she will be the first woman to lead ASIC since its establishment 35 years ago.
Background on Sarah Court
Sarah Court has amassed over 15 years of experience in senior statutory roles. Her background includes substantial contributions to the Australian Competition and Consumer Commission (ACCC) and a strong focus on litigation and regulatory enforcement. Treasurer Jim Chalmers highlighted her success in improving enforcement outcomes, which are crucial for consumer protection.
Government Support for Leadership Diversity
Chalmers noted that the Albanese government is committed to enhancing female representation in key economic roles. He celebrated other historic appointments, including:
- Michele Bullock as the first female leader of the Reserve Bank of Australia
- Danielle Wood as the inaugural female chair of the Productivity Commission
- Jenny Wilkinson as the first woman to head the Treasury
This trend underscores a broader initiative to strengthen leadership diversity in Australia’s top institutions.
Focus on Corporate Law Enforcement
In her previous addresses, Sarah Court has emphasized the importance of active enforcement of corporate law. During a speech at the annual ASIC forum in November 2025, she expressed that effective enforcement benefits both consumers and businesses. She stated, “Strong and active corporate law enforcement means the rules of the game are clear, the playing field is level, and those breaking the law are held to account.”
Priorities for ASIC in 2026
Addressing concerns over pricing practices, Court promised a continued emphasis on transparent pricing for consumers. She indicated that ASIC would focus on various sectors, including:
- Banking
- Insurance
- Credit services
- Superannuation
Her commitment to tackling misleading pricing practices aligns with the government’s goals for greater consumer protection and market stability.
Tribute to Outgoing Chair Joe Longo
Chalmers also paid tribute to outgoing ASIC chair Joe Longo, who has been at the forefront of enforcement and consumer protection since his appointment in 2021. Longo’s leadership has been recognized for enhancing the organization’s focus on critical enforcement initiatives.
As Sarah Court prepares to lead ASIC, her extensive background and commitment to corporate law enforcement are expected to shape important changes in the regulatory landscape for Australian consumers and businesses alike.
