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ASIC's registry function could be sold for $1b

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Australian Broker | 16 May 2014, 05:00 AM Agree 0
As part of a drive to achieve savings of $120 million, ASIC's immense business database could be sold off for as much as $1 billion
  • Denise Brailey BFCSA (Inc) | 16 May 2014, 12:06 PM Agree 0
    ASIC should now use the $1 billion to pay compensation to all the victims of shonky loan approvals the Lenders have made megabucks from. ASIC collected the data and will now sell off to whomever wants the detail.
    Time for ASIC to pay the Piper. I noticed Budget set to carve up ASIC. Should have been executed long ago. We now need a Federal Consumer Protection Bureau with Serious Fraud Unit.
  • Incognito | 16 May 2014, 01:10 PM Agree 0
    Why don't they just call us America and be done with it.

    It feels like that. But it's a failed model so i don't get it.
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