ASIC has released its initial submission to the Senate enquiry on its performance relating to the monitoring of Commonwealth Financial Planning (CFP) since 2008.
CFP has paid to date just over $50 million in compensation to affected clients.
http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2013-releases/13-201mr-asic-submission-to-senate-inquiry/