Recommendation 18

One of our concerns before our hearing was Mr Kogan’s lack of regulatory experience and how this would impact his ability to adequately set up a new regulatory body. He was able to address some of our concerns and reassure the Committee that he will prioritise helping appoint a CEO and Executive Board with the relevant experience to assist in establishing a new and effective framework. His other priorities for the organisation suggested a measured and accurate analysis of what would be expected from the regulator in the first 18 months.