In the debt-extension matter, ASIC is pushing for something it...

In the debt-extension matter, ASIC is pushing for something it wants, not something that is sensible, and if it were too pushy, and the matter went to litigation, it is likely that ASIC would end up with egg on its face. Because CCP is prepared to concede what ASIC wants, ASIC can claim the kudos of saving the "vulnerable" from their own stipidity, and move on like Don Quixote to the rescue. The matter will dribble into the sand. At https://asic.gov.au/about-asic/asic...nforcement/asic-s-approach-to-enforcement/you can read:

	Column 1	Column 2
0	Conduct of the person or entity after the suspected misconduct	We will consider: when and how the contravention came to the attention of ASIC, including whether it was self-reported the level of cooperation with our investigation, and the level of transparency of the individual or entity in their engagement with ASIC whether remedial steps have been taken or compensation has been provided.