| Good morning, The Australian Securities and Investments Commission has “comprehensively failed” in its duties such as effectively clamping down on corporate wrongdoing, a scathing 226-page Senate committee report has found. Among its 11 recommendations it has called for a radical break-up of the regulator. Meanwhile, newly released Federal Court documents reveal Andrew Forrest’s Fortescue paid private investigators to spy on former executives and their families for weeks, ahead of launching raids on private homes and offices over allegations of intellectual property thefts. And property developer Tim Gurner together with JV partner Qualitas has unveiled plans to develop a new luxury precinct in Melbourne, including the city's most expensive penthouses with prices at more than $30m, after taking full control of the landmark Jam Factory site. | 