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Note: This report contains some content that was withdrawn in accordance with ASIC policy - see INFO 152 Public comment on ASIC's regulatory activities.