When you compare the performance of the financial services regulators with the ACCC you see what poor value for money we receive from ASIC and APRA

The industry had a go. It may not be perfect. Of course the vacuum that had to be filled by the Code was created by failed regulators unable or unwilling to do their job. They have power and people coming out their ears. They cost Australians millions of dollars a year.

If ASIC thinks something different should apply why isnt it doing something about it? More words!!