Ravi Nayyar
@ravirockks.bsky.social
Critical Software + CNI Law | PhD Candidate at the University of Sydney | Fellow @ASPI-org.bsky.social | Associate Fellow at the Social Cyber Institute | Blogging @atechnolegalupdate.substack.com | Cricket, #Bloods | #KalikaMataKiJai
’ANZ denied former chief executive Shayne Elliott $13.5 million in bonuses in relation to the regulatory issues that occurred during his tenure; however, last week Elliott took legal action against the bank, arguing ANZ had breached its agreement’.
www.smh.com.au/business/com...
www.smh.com.au/business/com...
Strike two: ANZ faces investor revolt over mismanagement, executive bonuses
The backlash comes after a string of mishaps by the bank over the past 12 months.
www.smh.com.au
December 18, 2025 at 12:57 AM
’ANZ denied former chief executive Shayne Elliott $13.5 million in bonuses in relation to the regulatory issues that occurred during his tenure; however, last week Elliott took legal action against the bank, arguing ANZ had breached its agreement’.
www.smh.com.au/business/com...
www.smh.com.au/business/com...
’… just 1.45 per cent voting in favour of spilling the board.
‘[CEO] Matos, along with the rest of the company’s Australia-based executives, will not receive any short-term bonuses for the last financial year due to the regulatory failings.
‘[CEO] Matos, along with the rest of the company’s Australia-based executives, will not receive any short-term bonuses for the last financial year due to the regulatory failings.
December 18, 2025 at 12:57 AM
’… just 1.45 per cent voting in favour of spilling the board.
‘[CEO] Matos, along with the rest of the company’s Australia-based executives, will not receive any short-term bonuses for the last financial year due to the regulatory failings.
‘[CEO] Matos, along with the rest of the company’s Australia-based executives, will not receive any short-term bonuses for the last financial year due to the regulatory failings.
I still wonder why no individual ASX officers have faced the music personally, considering how foundational these governance failures have been.
www.asic.gov.au/about-asic/n...
www.asic.gov.au/about-asic/n...
25-303MR ASIC announces transformational package to safeguard Australia’s financial markets in response to ASX Inquiry interim report | ASIC
Fair, strong and efficient financial system for all Australians.
www.asic.gov.au
December 17, 2025 at 8:27 AM
I still wonder why no individual ASX officers have faced the music personally, considering how foundational these governance failures have been.
www.asic.gov.au/about-asic/n...
www.asic.gov.au/about-asic/n...
I love how frank the ASIC and RBA are here and that they acknowledge their own regulatory failures here, not least since we are talking about a CNI asset operator.
December 17, 2025 at 8:27 AM
I love how frank the ASIC and RBA are here and that they acknowledge their own regulatory failures here, not least since we are talking about a CNI asset operator.
'Existing supervisory practices have not achieved the desired outcomes.
'In addition, ASIC and the RBA will step up their review to uplift their joint supervisory model'.
'In addition, ASIC and the RBA will step up their review to uplift their joint supervisory model'.
December 17, 2025 at 8:27 AM
'Existing supervisory practices have not achieved the desired outcomes.
'In addition, ASIC and the RBA will step up their review to uplift their joint supervisory model'.
'In addition, ASIC and the RBA will step up their review to uplift their joint supervisory model'.
'The organisation's culture is defensive, which limits its ability to deliver meaningful change
'ASX's governance structures do not ensure the independence of its Clearing and Settlement subsidiaries and their required levels of investment
'ASX's governance structures do not ensure the independence of its Clearing and Settlement subsidiaries and their required levels of investment
December 17, 2025 at 8:27 AM
'The organisation's culture is defensive, which limits its ability to deliver meaningful change
'ASX's governance structures do not ensure the independence of its Clearing and Settlement subsidiaries and their required levels of investment
'ASX's governance structures do not ensure the independence of its Clearing and Settlement subsidiaries and their required levels of investment
'... any moves by the government to rein in or bring to an end the program could destroy much of that demand [for cheap batteries] and leave the industry reeling'.
Talk about perverse incentives.
www.abc.net.au/news/2025-12...
Talk about perverse incentives.
www.abc.net.au/news/2025-12...
Government boosts home battery spend by $5 billion
Federal Energy Minister Chris Bowen announces big changes to the government's battery subsidy scheme amid claims most of its $2.3 billion budget has been spent in just six months.
www.abc.net.au
December 17, 2025 at 7:55 AM
'... any moves by the government to rein in or bring to an end the program could destroy much of that demand [for cheap batteries] and leave the industry reeling'.
Talk about perverse incentives.
www.abc.net.au/news/2025-12...
Talk about perverse incentives.
www.abc.net.au/news/2025-12...
'Chinese battery maker Sigenergy issued a voluntary recall for some of its inverters last month over concerns about overheating plugs.
December 17, 2025 at 7:55 AM
'Chinese battery maker Sigenergy issued a voluntary recall for some of its inverters last month over concerns about overheating plugs.
'People get the big battery and then they run them absolutely full throttle for three hours a day to charge them from the free electricity ...
'What we're seeing is that it's really stressing these batteries to the extent you've had a recall already.
'What we're seeing is that it's really stressing these batteries to the extent you've had a recall already.
December 17, 2025 at 7:55 AM
'People get the big battery and then they run them absolutely full throttle for three hours a day to charge them from the free electricity ...
'What we're seeing is that it's really stressing these batteries to the extent you've had a recall already.
'What we're seeing is that it's really stressing these batteries to the extent you've had a recall already.
'One of his biggest concerns was the flight by consumers to the cheapest batteries on the market — a trend that was being fuelled by the incentive to maximise size rather than quality.
December 17, 2025 at 7:55 AM
'One of his biggest concerns was the flight by consumers to the cheapest batteries on the market — a trend that was being fuelled by the incentive to maximise size rather than quality.
'They pointed out that most households were only using about 10 kilowatt hours of power overnight and would struggle to fill a system with five times as much storage.
December 17, 2025 at 7:55 AM
'They pointed out that most households were only using about 10 kilowatt hours of power overnight and would struggle to fill a system with five times as much storage.
'Mr Bowen said a tiered system would be introduced from May next year, with support staggered in line with the size of the battery.
December 17, 2025 at 7:55 AM
'Mr Bowen said a tiered system would be introduced from May next year, with support staggered in line with the size of the battery.
'A royal commission must be empowered to cut through polite fictions, so not only are we better prepared to prevent and respond to future threats but to ensure the social and cultural conditions in which this twisted evil sprouted are actively undone'.
December 17, 2025 at 7:38 AM
'A royal commission must be empowered to cut through polite fictions, so not only are we better prepared to prevent and respond to future threats but to ensure the social and cultural conditions in which this twisted evil sprouted are actively undone'.
'The extraordinary steps that Jewish Australians have had to take individually and collectively to ensure their community’s security for the past two years should have been a klaxon for their fellow countrymen and women'.
December 17, 2025 at 7:38 AM
'The extraordinary steps that Jewish Australians have had to take individually and collectively to ensure their community’s security for the past two years should have been a klaxon for their fellow countrymen and women'.
'There has also been an indulgence of antisemitism and an associated, performatively violent politics in our streets.
December 17, 2025 at 7:38 AM
'There has also been an indulgence of antisemitism and an associated, performatively violent politics in our streets.
'That includes well-intentioned but ultimately misguided approaches to immigration and integration that ... have corroded national identity and fellow feeling amongst citizens.
December 17, 2025 at 7:38 AM
'That includes well-intentioned but ultimately misguided approaches to immigration and integration that ... have corroded national identity and fellow feeling amongst citizens.
'It was an outcome of policies, attitudes and actions—inadvertent and deliberate—over the past three decades, and especially since October 2023, when Hamas attacked Israel from Gaza.
December 17, 2025 at 7:38 AM
'It was an outcome of policies, attitudes and actions—inadvertent and deliberate—over the past three decades, and especially since October 2023, when Hamas attacked Israel from Gaza.
We have to invest in our intelligence communities and physical security controls for our CNI.
December 17, 2025 at 7:33 AM
We have to invest in our intelligence communities and physical security controls for our CNI.
Each of these risk types are far worse today than they were back then in the absence of social media which allows pieces of scum of all stripes to organise, get radicalised, plot, plan and broadcast their evil deeds.
December 17, 2025 at 7:33 AM
Each of these risk types are far worse today than they were back then in the absence of social media which allows pieces of scum of all stripes to organise, get radicalised, plot, plan and broadcast their evil deeds.