How courts and costs are undermining ASIC and the ACCC's efforts to police misbehaving banks and businesses
- Written by Elise Bant, Professor of Law, University of Melbourne
The Australian Securities and Investments Commission (ASIC) has come under heavy fire for taking the lighter option of securing undertakings from businesses in breach of the law, rather than tougher penalties.
Former Australian Competition and Consumer Commission (ACCC) chairman Allan Fels described ASIC’s operations as:
When something goes...
