Article claims that ASIC would rather pursue Bank misconduct and corresponding law enforcement by “words” rather than prosecute or issue fines. The regulators arrange for the banks to: (1) recognise ASIC’s concerns without admitting wrongdoing; (2) accept a remediation process; and (3) make a tax deductible “Community Benefit Payment”.

https://www.michaelwest.com.au/investigation-how-the-government-is-punishing-bank-crimes-with-tax-breaks/