ASIC ‘addicted’ to secrecy, parliamentary committee claims

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.

Read Full Article