Monday 6 March 2023

Fighting Fake News with REAL, 6/3/23, Privatisation: Essential services, Public hands, ASIC, Pat Dodson,Gambling;

 Roborelease

Thousands of reports are filed each year alleging wrongdoing by people connected to failed companies, but ASIC only pursues less than 3 per cent

The corporate regulator ASIC is using an automated system to dismiss allegations of serious wrongdoing by company directors in as little as 38 seconds, allowing thousands of bosses who oversaw failed firms to escape scrutiny over the past five years.

One report lodged by veteran liquidator Michael Brereton, of firm William Buck, accused the directors of a company that failed while owing creditors up to $250,000 of withholding records, trading while insolvent for more than two years, and breaching their legal duties.

ASIC only fully investigates less than 3 per cent of liquidators’ reports that include allegations of offences by directors. Credit:Fairfax

Despite Brereton telling the Australian Securities and Investments Commission (ASIC) that he had documentary evidence to back up his claims, the regulator responded with an auto-generated email sent just 38 seconds later declining to investigate.

Michael sent a detailed report of criminal behaviour. It was rejected in 38 seconds

Pat Dodson, the Albanese government’s envoy on reconciliation, has called for immediate action to prevent Indigenous deaths in custody.

Labor’s reconciliation envoy has called out inaction from the Albanese government, demanding immediate steps to address Indigenous deaths in custody

‘National disgrace’: Dodson calls out his own government

 

 

 

 

 

 

 

 

 

 

Betting ads are up 320 per cent over the past decade, according to the Victorian government’s official gambling harm adviser.

900 gambling ads a day: Sports betting ‘normalised’ for kids


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