ASIC moves to appoint liquidator, page-28

Hi Corona

You are correct. That list would scare me if I were a crooked company director.

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-039mr-asic-commences-civil-penalty-proceedings-against-getswift-limited-and-its-directors-bane-hunter-and-joel-macdonald/

And things will allow ASIC to get tougher if a new bill passes the House of Representatives:

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-032mr-asic-to-pursue-harsher-penalties-after-laws-passed-by-senate/

Notable features of the Bill include:

• maximum prison penalties for the most serious offences will increase to 15 years. These include breaches of director’s duties, false or misleading disclosure and dishonest conduct;
• civil penalties for companies will significantly increase, now to be capped at $525 million;
• maximum civil penalties for individuals will increase to $1.05 million and can also take in to account profits made;
• civil penalties will apply to a greater range of misconduct, including licensee’s failure to act efficiently, honestly and fairly, failure to report breaches and defective disclosure.

If I was being investigated, and my assets included diamonds, I would hide them where the sun don't shine.