Smells like more ASIC folly to me. They couldn't enforce the powers they did have. Now they want more? Even with the revelations in the McMurdo decisions (paid for by us creditors) the ASIC sloth shows no signs of movement.
"Mr [ASIC] says we will protect you
I don't subscribe to this point of view
Believe me when I say to you
I hope the [private sector leaders] love their [country] too"