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Australia's ASIC to Face Senate Inquiry

Australia's ASIC to Face Senate Inquiry

by Starling Insights

Starling Insights Editorial Board

Nov 09, 2022


The Australian Senate recently voted to launch a two-year inquiry into the Australian Securities and Investments Commission (ASIC) and its handling of complaints from the public and whistleblowers.

The inquiry will examine ASIC’s necessary capabilities and the effective utilization of its $800 million budget in investigating misconduct. The review was partly prompted by economist John Adams’ analysis of the regulator’s annual reports over ten years, which revealed a sharp increase in the number of whistleblower complaints on which ASIC took no action.

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