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flag ASIC Chair Joe Longo to step down in May 2026 after five-year term focused on reform and enforcement.

flag ASIC Chair Joe Longo will step down in May 2026 after a five-year term, concluding a tenure marked by organizational reforms, increased enforcement actions, and efforts to modernize Australia’s regulatory framework. flag He oversaw structural changes, boosted investigations and civil penalties, enhanced funding for business registers, and advanced reviews on superannuation, market integrity, and regulatory complexity. flag Longo emphasized ongoing priorities including superannuation misconduct, market efficiency, and simplifying regulation to support productivity. flag A former Deutsche Bank and Herbert Smith Freehills executive, he previously served at ASIC from 1996 to 2001. flag Treasurer Jim Chalmers acknowledged his leadership and confirmed the government is seeking strong replacements for Longo and APRA’s Margaret Cole.

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