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%
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1 comment:
Nice post thanks for sharingg
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