Any Documents Held By ASIC On Fines It Has Issued That Remain Unpaid. To Narrow This Search, I Seek Asic's Latest Aggregate Estimate Of The Total $ Of Unpaid Fines, Any Descriptive Details Of Who…
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Any Documents Held By ASIC On Fines It Has Issued That Remain Unpaid. 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
ASIC
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ASIC disclosed a table of 12 defendants with outstanding pecuniary penalties as of 31 May 2026, including major entities such as Westpac Banking Corporation, Terracom Limited, and multiple smaller financial services firms and individuals. The table references ASIC media releases documenting enforcement actions issued between August 2025 and May 2026. Separately, ASIC reported raising an impairment allowance of $87.469 million under Australian Accounting Standards, reflecting penalties assessed as having reduced recoverability prospects due to defendants entering bankruptcy or external administration. The disclosure does not provide specific penalty amounts per defendant or detailed descriptions of underlying misconduct, directing requesters to referenced media releases for substantive enforcement details.
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ASIC FOI 124-2026 **Table 1: Defendants with pecuniary penalties outstanding, as at 31 May 2026** *(including matters where partial payments have been received)* | Media Release | Media Release Date | Defendant Name | | --- | --- | --- | | 25-161MR | 12/08/2025 | Darranda Pty Ltd | | 25-179MR | 26/08/2025 | Terracom Limited | | 25-186MR | 29/08/2025 | Simon Michael La Barrie | | 25-186MR | 29/08/2025 | Ewald Hafer | | 25-301MR | 11/12/2025 | Green County Pty Ltd | | 25-301MR | 11/12/2025 | Max Funding Pty Ltd | | 26-008MR | 27/01/2026 | BPS Financial Pty Ltd | | 26-078MR | 17/04/2026 | Cigno Australia Pty Ltd | | 26-078MR | 17/04/2026 | BSF Solutions Pty Ltd | | 26-078MR | 17/04/2026 | Mark Swanepoel | | 26-078MR | 17/04/2026 | Brenton Harrison | | 26-107MR | 26/05/2026 | Westpac Banking Corporation | # **Note:** The table reflects pecuniary penalties that remained outstanding as at 31 May 2026. Separately, for financial reporting purposes, an impairment allowance has been raised for $87.469 million per Australian Accounting Standards. This reflects amounts assessed as having reduced recoverability due to individuals filing for bankruptcy and/or entities entering into external administration.