Churning by Big Funds

One "genuine" trade (a cross trade) of 476 000 shares out of 492 850 shares, of a total 215 trades. That means 214 parcels were traded at an average 79 shares per trade with a value of $60 each.
Why does the ASX and ASIC allow this manipulation to occur?
The big institutions get preference because they don't have to pay a $20 fee on these phoney trades designed to manipulate prices.