Daniel Ziffer
speaker
2,266 appearances
25 recordings
3 series
first heard Apr 2026
last heard 9 Sep
Daniel Ziffer’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 25 in all, peaking in Jul 2026 with 14.
Appearances
I guess what has the regulator worried is that without that insight, with many of them very geared into property, if we do have a substantial fall in property values, there's going to be some real gaps.
We'll get back to property, but there's more interesting numbers from ASIC, who reportedly brought in a record $830 million during the last financial year.
Now, the federal budget deficit is going to be about $31.5 billion.
So
We're not going to have a fine lead return to prosperity, but it's quite a start here.
What's changed?
This money goes into the pit of consolidated revenue and some of it back to consumers, as you noted.
It's been a long-time complaint from ASIC that they don't have the resources required to do their job, even though they're bringing in huge sums of money.
Do you think that part of that is what has changed under the previous chair, Joe Longo, who's stepped aside now for Sarah Court, and that potentially this kind of record-breaking year we've had sets the tone for the years ahead?
During the Banking Royal Commission, the then head of ASIC was James Shipton.
He recalled how he had been working in Hong Kong at the similar regulator in a similar sized market.
And the regulator was three times the size of ASIC.
Now, I think ASIC has increased slightly since that time, but certainly not to that level of scale where not providing the scrutiny because the cattle aren't there.
Well, also on the to-do list for the regulator is looming legislative changes that will give them more oversight of the big four consulting firms.
They're in the frame because of a scandal around KPMG's use of confidential audit information.
Today reported that KPMG taking action with fines of its own
against a group of internal staff and partners after the third part of this scandal, probably the most understandable one, which is where some staff took information from the confidential audit of telecommunications company Optus.
and use that to try and win the vastly more lucrative contract to audit Telstra.
Well, Mike, it's Monday, which means auction clearance rates are in and preliminary numbers are at 50%.
This is the ninth week of low figures, the longest sustained slump since 2018.
Showing 781–800 of 2,266 · page 40 of 114
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