REP 387 Penalties for corporate wrongdoing

Released 20 March 2014.

This report outlines the penalties available for a range of corporate wrongdoing under legislation administered by the Australian Securities and Investments Commission (ASIC), to enable consideration of whether they are proportionate and consistent with those for comparable wrongdoing:

• in overseas jurisdictions (i.e. Canada (Ontario), Hong Kong, the United Kingdom and the United States); and
• within the Australian context (i.e. across other domestic regulators and legislation administered by ASIC).

The findings in this report will inform our submission to the Financial System Inquiry.

Download REP 387 (PDF 6.5 MB) | Read the media release

Note: This report contains some content that was withdrawn in accordance with ASIC policy - see INFO 152 Public comment on ASIC's regulatory activities.