Australia has softer approach to corporate wrongdoingBY LAURA MILLAN | FRIDAY, 21 MAR 2014 12:30PMAustralia has a softer approach than other countries to corporate wrongdoing, a report by the Australian Securities and Investments Commission (ASIC) released today found. Related News |
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Why increase the penalities when the ASIC can not get the outcomes that it should be able too?
The problem here is that the ASIC does not have the expertise to run the high profile cases and is far too top heavy with lawyers and do not have sufficient staff who are capable of proving these type of case.
It is now no differnet to where the NCSC found itself in the late 1980s that lead to the formation of the ASIC