Imagine you’re a federal agency and you just got like 60 recommendations dumped on your lap after a full-scale inquiry. As far as I can tell from this summary, there is no immediate implication on overseas investors. If you’re an Australian, though, you will probably want to see if any of this is retroactive (probably not, I imagine).
In addition, this article contains a summary of the events that led up to the Senate Inquiry into ASIC, explained in plain language:
The scandal occurred when “cowboy” planners within the business — who were striving to maximise commissions — steered more than 1000 clients into ill-advised investments, sometimes without their knowledge and approval, according to evidence before the committee.
It’s worth noting that even within Australia it looks like ASIC was turning the other way on certain things.