Tuesday, 17 July 2018

Regulatory Returns on Investment



I was reading an article in the recent edition of the AICD's Company Director Magazine.  The article recorded the total civil penalties recovered by ASIC over the 2017-2018 financial year at $35.1m.  I thought I'd compare that figure to the amount recovered by the ACCC over the same period - here are the results: ASIC Annual budget 2017-2018    $550m Civil penalty recoveries         $35.1m ROI                                            6.3% ACCC Annual budget 2017-2018      $215m Civil penalty recoveries        $172.5m ROI                                            80.2% Looks to me like the ACCC is a much better financial investment for the Government that ASIC! However, neither the ACCC or ASIC can compete with AUSTRAC after their $700 million penalty against CBA: AUSTRAC Annual budget 2017-2018      $92m CBA penalty                            $700m ROI                                          760%




1 comment:

Leslie said...

Nice post thanks for sharingg