Executive Summary Unconscionable conduct is the focused point of ss 12CA and 12CB of the  Australian Securities and Investment Commission Act  2001 (Cth). Australian Law Reform Commission (ALRC) Background Paper FSL9 ( link ) argues that the proliferation and overlapping of existing legislations, specifically ss 12CA and 12CunB of this Act, create ‘’unnecessary complexity in the law’’.  [1]  Therefore, repealing s 12 CA of the  ASIC Act  and s 991A of the  Corporations Act  2