Nassim Khadem

She was, she had a determination from AFCA, which is the financial complaints body that people can go to to try and get compensation.

to pay her super money back, $380,000 worth.

So Interbrack's now gone to court and is delaying her enforcing her Africa determination, which is, it's legal, but it's quite an extraordinary thing to see.

So there's a lot more to play out.

And, you know, Longo's exit today comes amid a lot of focus on this particular issue.

And this is an issue, Dan, that we'll be talking about on the program, The Business Tonight on ABC TV or iView.

Yeah.

And look, for years, ASIC has had a really bad rap in the media that it's not the tough cop on the beat.

And I think ASIC's really trying to prove with all these court cases, particularly with this particular one, because it's kind of the focus of media at the moment, that it is actually the tough cop on the beat.

It is prepared to take difficult cases.

It is prepared to go after people who have a lot of money and can fight in court.

So

You know, it's interesting to see whether that kind of translates now into the political arena that they also think that ASIC's done a great job of how it, you know, watches over alleged criminals.

Pleasure to be with you, Dan.

This is an ABC podcast.

And I'm business reporter Nassim Khadem.

I mean, the financial punishment is a drop in the ocean for these companies, which are each worth trillions of dollars.

But it is significant from both a reputation perspective and also in terms of the flow on effect, right?

It follows years of concerns from parents, from consumer advocates, from lawmakers about online harm to children ranging from mental health to sexual exploitation.

And this is really significant.