Answering a question on notice from the Parliamentary Joint Committee on Corporations and Financial Services, ASIC spelled out its approach stating that before it actually exercised its compulsory information gathering powers it was examining publicly available information, including written answers provided by superannuation funds. “We have been examining publicly available information, including the written answers provided by superannuation funds to the House of Representatives Economics Committee concerning switching activity by trustees and senior executives following unlisted asset revaluations, and the funds’ conflict management policies,” ASIC said. “The information provided by funds to the Committee is helping inform ASIC’s further investigations.”