New ASIC report showcases increased investigations and civil proceedings

The Commission started more investigations, yet criticism still present as total fines and civil penalties decreased substantially.

ASIC has stepped up some of its work by starting 25% more investigations in 2023–24 compared to the year before, its new annual report shows. Close to 170 new investigations were started, and civil proceedings also increased by 23%.

The improvements come as the authority has been undergoing “the largest organisational redesign the agency

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