Today ASX filed the Commitments Plan with the Australian Securities and Investments Commission (ASIC).

In December 2025, ASX committed to provide ASIC a plan on how the Exchange will deliver the strategic package of actions that were agreed following delivery of the Inquiry Panel’s Interim Report. This Plan is designed to support a reset of ASX as a trusted and active steward of Australia’s critical market infrastructure.

Key elements within the Commitments Plan

• Governance and independence: ASX committed to strengthening governance and enhancing independence of the clearing and settlement functions (CS); and ASX has delivered a key milestone by ensuring fully independent boards for the CS facilities. This follows the resignation from the CS facility boards of the ASX CEO and two ASX Limited non-executive directors in early February. ASX will implement a new organisational model that establishes an expanded Clearing and Settlement division with dedicated resourcing in key areas while still receiving support from ASX Group.
• Leadership: Strong and accountable leadership at all levels will be central to ASX’s transformation. The Board is overseeing the appointment of a new CEO with the expertise and mindset required for this next phase. Delivery of actions under both the Commitments Plan and the Accelerate program now forms part of executive scorecards.
• Reset Accelerate program: ASX is redefining the Accelerate program to ensure it is an integrated, enterprise-wide initiative that will deliver lasting improvement aligned with its stewardship responsibilities. ASX has added governance and independence as a new stream and it will elevate the focus on leadership and culture.
• Strategy, investment and capital: ASIC imposed an additional capital charge of $150 million in net tangible assets on ASX to reflect the elevated risk profile arising from the issues identified in the Interim Report. ASX has committed to accumulate the additional capital by 30 June 2027. Immediate steps taken to address the capital charge include reducing the 1H26 dividend payout ratio to 75% (from 85%) of underlying net profit after tax and operating a discounted dividend reinvestment plan.

As part of its commitment to transparent engagement with regulators, the Board intends to obtain independent assurance on the delivery of the reset Accelerate program. The external assurer will review ASX’s progress against agreed milestones.