Labor runs cover for awful corporate regulator
Автор: Senator Andrew Bragg
Загружено: 2025-12-02
Просмотров: 9371
The Senate handed down it's ASIC Report in July 2024. 18 months later, the government has provided no response. Not even a draft.
There has been a failure of regulation. And the government has placed absolutely no interest or effort in improving law enforcement.
The body of work conducted by our Senate Economics Committee chewed up resources, ran for a whole year and heard from hundreds of people. It highlighted clear deficiencies in ASIC’s enforcement of laws. First Guardian, Shield and Lion all lost billions of dollars because the corporate cop was unable to enforce straightforward laws.
And yet, the complacent Labor Government asserts time and time again that ASIC is “efficient and effective.” Still today, Labor could not confirm whether the report will ever be answered.
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