Australian Securities and Investments Commission
Documents Held By ASIC On Unpaid Fines It Has Issued. To Narrow This Search, I Seek Asic's Latest Aggregate Estimate Of The Total $ Of Unpaid Fines, Any Descriptive Details Of Who The Money Is Owed…
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Documents Held By ASIC On Unpaid Fines It Has Issued. To Narrow This Search, I Seek Asic's Latest Aggregate Estimate Of The Total $ Of Unpaid Fines, Any Descriptive Details Of Who The Money Is Owed By And What The Fines Were Issued For. I Also Seek The Most Up To Date Information On Unpaid Fines That ASIC Has Written Off As Unrecoverable.
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ASIC holds $62.904 million in overdue pecuniary penalties from 24 defendants, with the entire amount impaired as unrecoverable under Australian Accounting Standards. The defendants include individuals and entities across enforcement actions dating from 2014 to 2024, with cases involving financial services misconduct, unlicensed lending operations, market manipulation, and misleading conduct. Notable cases include GetSwift Limited, Rent 2 Own Cars operators, and various unlicensed financial services providers. The impairment reflects that most defendants have either filed for bankruptcy or entered external administration, making collection unlikely. ASIC has effectively written off the full amount as unrecoverable debt rather than pursuing active collection efforts.
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