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ASIC ‘addicted’ to secrecy, parliamentary committee claims

Updated: Jun 29

The corporate regulator is “addicted” to secrecy and obfuscation, Liberal Senator Andrew Bragg says, after a parliamentary report rejected 11 of 13 claims for public interest immunity made by the regulator Joe Longo, who insists he is a transparency leader.

The immunity claims made by the Australian Securities and Investments Commission relate to questions by Parliament’s Economic References Committee, which is chaired by Senator Bragg and is examining the performance of the regulator.

ASIC has told the committee it is not able to provide any information about investigations into technology company Nuix, the use of sensitive insider information by superannuation trustees to maximise their personal gain and allegations of ‘fake coal’ testing by laboratory giant ALS.

Patrick Durkin

BOSS Deputy editor

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