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Report as to Affairs Asic Form

Report as to Affairs Asic Form

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an economist claims corporate watchdog Asic is only investigating a tiny proportion of complaints it receives John Adams was an advisor to Liberal Senator Arthur cenadinos and says the percentage of complaints that are investigated is less than one percent Asic disputes that figure joining me now is business reporter Dan zipper Dan good day so first off explain for us exactly what Asic does and how many complaints they receive and what they do about it so Asic is the conduct regulator for Australian business they meant to keep everyone on the straight and narrow they're called the Australian Securities and Investments commission so essentially if you're a registered company or a listed company in Australia you are under their remit they look after you they write they run the corporate laws now they receive around 10 000 complaints in an average year and they say that about 35 percent of them are kind of investigated further many of them lack evidence or they're not in the correct juris

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