ASIC accused of ‘secrecy’ and ‘obfuscation’ by Senate committee
- john3994
- Jun 21, 2023
- 1 min read
The corporate regulator has faced accusations from major political parties of impeding parliamentary investigations into its oversight of the country's businesses.
An interim report tabled in the Senate on Tuesday by the Senate’s economics references committee, which has been investigating ASIC enforcement since last year, has rejected 11 of 13 claims for public interest immunity made by Joe Longo.
The report highlights that while posing over 100 inquiries regarding investigations, including the scrutiny of forensic data software company Nuix and laboratory firm ALS, the committee encountered 13 claims of public interest immunity, which it has assessed as a deliberate attempt to undermine its inquiry.
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