Literally tens, if not hundreds, of thousands of financial victims in Australia last week will have heard a Senate inquiry call for the abolition of the Australian Securities and Investments Commission (ASIC) and wondered:
Today is Cash Out Tuesday, when Aussies are urged to withdraw some cash from a bank, ATM or EFTPOS retailer to send a message to bankers that we don’t want their cashless economy.
Under pressure from not one but two Senate inquiries into the Australian Securities and Investments Commission (ASIC), the corporate regulator has finally taken action against the directors of the Sterling First rent-for-life scam.
For the next 20 days Australians have an opportunity to submit to Treasury’s consultation on a new bill to regulate digital payments in the payments system.