Responding to questions from the ABC’s Four Corners program about the Australia Federal Police’s referral of bribery allegations involving Securency International Pty Ltd and Note Printing Australia Limited , ASIC issued a document explaining why government and the general public should have “faith in ASIC’s commitment to enforcing breaches of the Corporations Act”.
In defending its record, ASIC highlighted its involvement in a number of regulatory matters in the financial services space, including the Trio Capital, Macquarie Equities, Storm Financial and Commonwealth Financial Planning affairs.
“Enforcement is fundamental to ASIC and our priorities of ensuring investors are confident and informed and that market integrity is maintained,” the document stated.
Pity the enforcement happened after the event…but hey…it’s the thought that counts. New management required at ASIC.