20 May 2023
The ESG Trap
While Australians have been distracted by the Voice to Parliament, nuclear submarines, and the Budget, ASIC recently followed through on its threat to crack down on superannuation funds engaged in the esoteric offence of ‘greenwashing’, launching its first prosecution. Greenwashing is the (apparently) deceptive practice whereby business organisations, or investment funds, claim that their products or services are environmentally friendly,
1 March 2023
Submission to the Senate Economics References Committee Inquiry into ASIC Investigation and Enforcement
Dear Secretary Submission to the Senate Economics References Committee Inquiry into Australian Securities and Investments Commission Investigation and Enforcement This submission has been prepared for the Senate Economics References Committee regarding its inquiry into the Australian Securities and Investments Commission investigation and enforcement activities. The aspects of the terms of reference which are dealt with in the submission are: The
21 June 2019
Intrusions That Just Drive Us Crazy
Maybe ASIC is trying to do to big public companies what the AFL is well on the way to doing to the game of Australian football. Numerous and never-ending changes to the rules, ever-shifting interpretations of those rules by an ever-increasing number of umpires and tribunals, and now the introduction of ”Behavioural Awareness Officers” patrolling through the crowd is a
