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Welcome to the board R and thanks for the input.

Personally it appears to me as if ASIC is largely toothless by choice. Their powers are limited but they seem not to fully use the powers that they do have, especially when things are near the "too hard" basket.
This could possibly change if they had a head kicker at the top. Maybe we could nominate Alan Fels?
I find it amusing that the exposure of these rorts with auditors was highlighted by the Enron debacle. Enron as we all know is listed in the US which prides itself on having the most transparent disclosure laws in the game and "badmouths" other markets for not being "up with the game".
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