Business Committee

Business Committee Meetings

Meetings of the Business Committee are held quarterly unless the Committee determines that more meetings are required to discuss particular matters.

The 2024 Business Committee meeting dates are:

All Business Committee meetings are held at ASX Limited, 20 Bridge Street, Sydney NSW 2000, and/or by teleconference as required.

Business Committee agendas, meeting papers and minutes

Committees and other engagement forums

Technical Committee

In some circumstances, it may be appropriate for the Business Committee to appoint and convene technical committees to assist in the performance of its role. For example a Technical Committee comprising ASX and industry representatives was convened from 2014 to 2021 to focus on CHESS messaging and the adoption of ISO 20022 messaging. The adoption of ISO 20022 is a major work‑stream for the CHESS Replacement project and members of the Technical Committee were involved in the detailed work associated with this work‑stream. The ISO 20022 Technical Committee meeting papers can be found here. 

The CHESS Replacement Technical Committee was established in February 2023 as a sub-committee of the Business Committee and provides a forum for ASX and industry to focus on the CHESS replacement project. 

A calendar of future meetings can be located on the CHESS Replacement website.

CHESS replacement working groups

The CHESS replacement project is a key development for cash equities clearing and settlement in Australia. ASX has given careful consideration to its engagement program with key stakeholders through the delivery of this project, including a range of working group forums and formal consultation. More information on these engagement activities can be found here.

T+1 Working Group

In December 2023, ASX established the T+1 Working Group, comprised of volunteers from the ASX Business Committee. The purpose of the T+1 Working Group is to carry out focused analysis and to provide insights to the ASX Business Committee on settlement cycle compression. The Working Group is not a decision making forum and will report to the ASX Business Committee on its deliberations. 

Initially, the T+1 Working Group has been tasked to consider the case for and against shortening the settlement cycle in the Australian cash equities market and prepare a document for public release (‘Whitepaper’) for the purpose of soliciting the views of a broad range of stakeholders. The focus of the Whitepaper is to be on strategic considerations which should be taken into account in forming a view on whether shortening the settlement cycle promotes the interests of the Australian market as a whole. 

More information on the T+1 settlement cycle can be found here.

T+1 whitepaper

On 23 April 2024, ASX published an industry whitepaper following on from the establishment of the T+1 working group. The ASX Business Committee formed the T+1 Working Group in December 2023 to provide analysis and insights to the Business Committee on settlement cycle compression. Working group members have provided input into this paper. The paper Considerations for accelerating cash equities settlement in Australia to T+1 explores strategic considerations for a potential transition to T+1.

Stakeholders were encouraged to provide written feedback by 18 June 2024.

T+1 whitepaper feedback summary

On 2 August 2024, ASX published a feedback summary document resulting from the publication of the whitepaper on Considerations for accelerating cash equities settlement in Australia to T+1. ASX sought industry feedback on a potential move to T+1 settlement in Australia, and received responses from a broad range of stakeholders. ASX thanks all stakeholders who took the time to provide a response.

T+1 Working Group membership