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ASIC takes action against diamond trading scheme

The Australian Securities and Investments Commission (ASIC) has started legal action against what could be an elaborate diamond trading scheme designed to avoid the operation of the consumer credit laws.

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Read more: Federal CourtASICAustralian SecuritiesBrisbaneFinance proceedingsInvestments CommissionNational Consumer Credit Protection Act 2009RegulatoryFAFQueenslandSeptember 2013