We all know the real priorities of ASIC will be

* Find more ways to run the remaining licensed financial adviser out of business
* Prosecute licensed financial advisers vigorously for the smallest breach, getting maximum outcomes from those without the resources to defend themselves
* Take action against a small number of product providers, who will ultimately win because they can afford to defend themselves. But no problem, send the bill to the licensed advisers via a levy.
* Turn a blind eye to advice provided from all unlicensed sources, in particular accountants, call centre employees at super funds, and finfluencers
* Make sure their levy keeps increasing so the rapidly reducing number of licensed advisers can fund their open cheque book approach to regulation
* Publish multiple press releases banning scammers who never had a licence in the first place from providing advice many years after any harm to customers. Never recover any monies lost by those customers.
* At all costs protect their mates at the union funds
* If challenged in anyway make sure to blame the legislation and claim any issue is above their pay grade.