Corporate regulator ASIC prosecuted more than 200 small businesses in second half of 2018
ASIC says it will be focusing on unfair contract terms and illegal phoenixing in 2019 after a tough year dealing with the banking royal commission.
Corporate regulator ASIC has released some new figures on its small-business compliance activity in the second half of last year, revealing it had 151 small-business criminal matters ongoing at the start of 2019.
For the year ahead, ASIC says it will be casting a keen eye over unfair contract terms for small businesses, credit lenders who aren’t lodging compliance certificates and illegal phoenix activity.
The regulator also reiterated its intended focus on misconduct in initial coin offerings and cryptocurrency markets.
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