I dont perceive the problem is not left/right wing related. I perceive the problem of an every increasing international participation in Australia (markets and otherwise) yet the courts (ASIC, whatever) only peruse the increasing marginalized local residents because everyone else is in the 'too hard' basket: too well connected, pockets too deep, out of our jurisdiction.
ASIC'S continual beat up of local residents is merely giving the foreign hands an even greater open slather of control of market prices, and anyone who thinks the modern market is NOT about governments/banks/institutions 'controlling' (aka manipulating) prices is a bloody fool.
I did exactly the opposite of an algo - it would sell down 100 shares I would bid up 100 shares, over and over, and withing a few hours I was threatened with prosecution, yet this same algo ran unmolested for months prior and afterward.
It all boils down to price setters and price takers, and ASIC is there to ensure the local retail investors/traders are merely price takers. This enables the retail public to be fleeced of 'excess funds' for the benefit of central banks and large institutions which are protected as 'pillars of the economy'.
