SP1 0.00% $1.07 southern cross payments ltd

Ann: ASX Query Letters re ISX suspension & termination by Visa, page-529

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    I should also state: these are very good questions you have.

    Employees should only ever use the powers they are provide with and no more (whether through a legislative basis or not). Many times - more so recently - I have seen examples of abuses of regulatory powers in many regulatory roles, I believe it boils down to (very simply) staff turnover, lack of training and gross incompetence. As skilled, senior staff are lost, the problem becomes more severe...

    I have my own suspicions of where ASX’s initial investigation (and their behaviour) fits into the regulatory model, and it’s not particularly complimentary to put it bluntly.
 
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