INO Opinion

ASIC’s aspirational target might as well be imaginery

Imagine if registered liquidators’ viewed the meeting of a regulatory deadline as an aspirational target. ASIC would visit upon such transgressors a veritable plague of show cause notices, and woe betide the unrepentant. But does the regulator feel obliged to demonstrate a standard of compliance as scrupulous as that which it demands from those it licences? iNO thinks not, at least in terms of the…

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Regulators continue jihad on practitioner compliance

COMMENT Presenting oneself as a fierce and tireless scrutiniser of insolvency practitioners is all the rage among the relevant regulators at the moment. The view among much of the bureaucracy seems to be that these highly qualified professionals cannot be trusted and only heavy regulatory shackles will prevent them from abusing their position to the detriment of all. It’s nonsense of course but regulation is…