The current Senate inquiry into the Australian Security and Investments Commission’s (ASIC) handling of the Sterling First collapse is not off to a good start.
Following more than two years of mental anguish which claimed 16 lives, the elderly Sterling First tenants who are victims of ASIC have succeeded in achieving their first goal of a Senate inquiry.
The suffering endured by the elderly tenants scammed by the Sterling First rent-for-life scheme is finally getting political attention, opening up the possibility of a Senate inquiry.
How many politicians will stand by while the Treasurer and corporate regulator deliberately unleash the big banks and all other financial predators onto unsuspecting Australians?
Treasurer Josh Frydenberg’s appointment of former Macquarie Bank CEO Nicholas Moore to oversee Australia’s financial regulators proves that Kenneth Hayne must have been able to see the future.
