Super flagged in major ASIC crackdown
After the government announced a $127.2 million boost to ASIC yesterday, the corporate regulator has marked super and financial advice as two main areas it will be concentrating its resources on, with “major shadow shop” projects on the cards.
Federal Treasurer Scott Morrison yesterday announced the multi-million-dollar reform package serves to equip ASIC with stronger surveillance capabilities in Australia’s banking and financial systems.
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