I think the point was that they are obviously not adequately looking into the illegal aspects, and the expectation is that they might be “forced” to do their job (or target their “investigation” ) properly if enough people put their hand up...?
It’s like people getting sick of street thugs or some similar local criminal activity and coming together and approaching their local members so that they can apply pressure on local authorities to focus more on these pressing issues that the community is getting fed up with.
Sure, they shouldn’t need to “request” this focus, but they unfortunately do, since a lot of stuff simply falls through the cracks or is not recognised as being as significant as it actually is!
That’s my take on it anyway!
Was anyone looking into those sub-prime mortgages a decade ago?! Ran unchecked and what happened?
In this case, it runs unchecked and it simply makes the playing field less even and allows the big boys to fleece retail through shady manipulative tactics that are proven effective, despite being “an offence” as per the Corporations Act. The manipulative tactics blatantly exploit human psychology and behaviour for financial gain, and they are very good at it. It is “an offence” for a reason, yet doesn’t appear to get much attention - hence we see it happening every damn day.
