Australia Institute report says regulators pursue hundreds of cases a year and calls for budgets and staffing to be restoredCorporate wrongdoing has become endemic in Australia,with hundreds of cases being pursued by the country’s regulators each year, and with few signs of their workloads lightening, or a novel report has found.
But there are also fewer regulators “patrolling the corporate beat” in Australia than there were three years ago,with government agencies that monitor corporate malfeasance having their staffing cut by 3926 people in total – or 14.9% – since the 2013-14 budget.
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Source: theguardian.com