ACCC and ASIC can't do nothing forever same as APRA and AUSTRAC. Macquarie has completely "regulatory captured", as President Trump's Secretary for Health, RKF Jnr often says, the industry down in Australia,
In the MAcquarie and other banking judgments in Federal Court, the judges especially Judge Nye Perram have criticized ASIC especially for not going for harsher penalties, same with ACCC, AUSTRAC and APRA.
It seems like a weird country down there when the judges criticize the regulators like the Federal Reserve, SEC, FINCEN, FINRA and DoJ equivalents for not going for harsher penalties.
Macquarie appears to be getting away with a lot if you believe the judgements of the learned Justices in the Federal Court.
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