Business
Corporate regulator does not know how Coalition’s class action crackdown would work – The Guardian
Asic tells parliament it had just two public documents to work from to come up with response to treasurer’s sudden change
The corporate regulator has told parliament it does not know how a clampdown on litigation funders introduced by treasurer Josh Frydenberg will work, less than five weeks before the changes are due to come into force.
In a shambolic morning of evidence to a parliamentary committee, Australian Securities and Investments Commission officers revealed the regulator had just two public documents to work from in coming up with a response to Frydenbergs move his media release and a regulatory impact s…
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