Originally Posted by
The name is Porter
Australia would have to be the most corrupt 1st world nation. Even the US has stricter regulations on when an ex-politician can accept private sector jobs. This soft corruption is endemic, nobody seems to give a flying. Well, maybe that's incorrect, there's a lot of whinging but nothing done, no complaints made to corruption commissions.
Australia's "governance" makes third world dictatorships look clean.
Ask anyone with knowledge of the accounting disclosure and regulatory enforcement regime in Australia and they will to a person shake their head.
Wasn't there a banking royal commission?
Yes 100% agree, especially the Minister of a regulator. How on earth can a regulator take hospitality from those they are supposed to oversee?
This is why I wonder if there is some sort of ruling or exception given to the Chairman's Lounge.
Maybe not a ruling as such, rahter highly probable the defence is simply more nuanced; It can't be corrupt if we bribe both sides of the house equally....
Politicians won't say a thing, they (with a few exceptions are all in on it)
If all judges are invited, all regulators etc, then no influence is sought is the
PR narrative.
James Shipton (ASIC head) would have opened a few emails and letters sliding his feet under the desk of Medcraft, who skulked away to hide another another rock at an investment bank.
One of them most definitely, signed by Dinosaur and likely pickled Leigh Clifford inviting him inside..
Of course, hiding behind commercial in confidence beckons the question, what commercial activities does the company wish to hide?