My ABC The Drum column this week is on the outrageous attempt by the Australian Securities and Investment Commission to censor the internet:
It’s an almost perfect illustration of regulatory mission creep.
Legislative provisions designed to only deal with the most extreme crimes are eventually used to pursue lesser offences. Given that this involved full-blown censorship – and censorship without oversight or appeal – ASIC’s actions are incredibly reckless.
Censoring the internet is a gross abuse of its status as an independent regulator.
Perhaps we could forgive an abuse of power if it was a one-time thing. But it’s part of a pattern.