I suggest that people start shifting there anger to the...

I suggest that people start shifting there anger to the regulator - ASIC. The current regulations in OZ stink and they need to bring them in line with the UK and not what the Bankers want ...

For the benefit of MFGA clients, here is a review that was undertaken by ASIC in 2009 on client money and the sage with segregation

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/cp114.pdf/$file/cp114.pdf

This second article is the Australian Bankers Association feedback to the review - insightful

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/CP114-ABA-Submission.pdf/$file/CP114-ABA-Submission.pdf