ASIC actually do something - I laugh my butt off when I hear that.
As I have said before most of ASIC are just government employees who come in a 9 and go home a 5, and unfortunetly are so far behind "smart" people who do dodgy things its not funny.
The only time ASIC will get involved is when there is pressure on their budgets, or a pollie has put pressure on someone.
As far as I am concerned the money spent on ASIC would be better spent somewhere like the DPP, or donated to the bushfire victims.
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