ASIC Deputy Chair Sarah Court warns the regulator will ramp up action against predatory lenders who target borrowers hit by interest rate rises, as the regulator clocks up more than $30 million in fines this year.
ASIC chairman Joe Longo says the corporate regulator’s case against 11 Star Entertainment directors and executives will break new ground on whether directors in high-risk sectors can be held to a higher standard because of the “forseeable risks”.