senate asic main submission, page-2

There are a lot of news articles about the performance of ASIC atm.

I noticed this in one of following link....


"The committee heard ASIC cost about $350m a year to operate, but delivered revenues of about $700m a year to the federal government."

http://www.theaustralian.com.au/business/financial-services/medcraft-criticises-slow-courts/story-fn91wd6x-1226764761219#
last line....


and this article continues on that in that vein ...

http://www.afr.com/p/business/financial_services/calls_grow_for_bigger_asic_budget_pJCCwT62xlhgVl99ze90rK

"you get what you pay for"

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How much could be lost by skimping on this department?

not how much can it economically recover verses minimal funding??

Niave Australians...ripe for the pickings,imo.