The ASIC is but one layer of security in Australia. To not have it would be negligent, given the security situation. It is not a magic bullet. It is just one layer.
It would seem to have realistic conditions attached to it under our circumstances.
I would urge those involved (probably all of us) to hope for the best but prepare for the worst.
Your details including certified copies of documents have probably been sold online. You are now in the gun for identity theft.
It is possible that those who may wish to do harm, now know who has access to sensitive areas/ information/ materials. And where you/ your family lives. This could make you a target for coercion or worse.
You figure it out.