Crikey Worm

Nov 9, 2017

Crikey Worm: ‘Make Australia a hellhole,’ says departing ASIC boss

Good morning, early birds. Outgoing ASIC chief's parting shot at white-collar crooks, and Optus is now likely to follow Telstra in returning money to customers stiffed by underperforming NBN speeds. It's the news you need to know, with Max Chalmers.

Max Chalmers

Freelance journalist

'MAKE AUSTRALIA A HELLHOLE'

Australian Securities and Investments Commission (ASIC) chief Greg Medcraft is going out with a bang and a whimper.

The departing head of the corporate regulator has declared Australia should aim to become "a hellhole for white-collar crime", referencing comments from 2014 in which he declared Australia was "a bit of a paradise" for such people.

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