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Aussie Senate wants regulator ASIC split in two

The report says the regulator is ineffective in launching prosecutions and diverts resources into defending its reputation.

Liberal Senator Andrew Bragg says ASIC is in a ‘dire state’.

Australia’s corporate regulator Australian Securities and Investments Commission  (ASIC) has “comprehensively” failed and should be split in two, according to recommendations from a Senate report released yesterday.

After a 20-month investigation, the Senate Economics Committee report said the

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Lachlan Colquhoun Thu, 04 Jul 2024
Contact the Writer: lachlan@nbr.co.nz
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Aussie Senate wants regulator ASIC split in two
Australia,
104763
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