Australia's watchdog chair steps aside pending expenses investigation

Pedro Gonçalves
clock
Australia's watchdog chair steps aside pending expenses investigation

Australian Securities and Investments Commission (ASIC) chair, James Shipton, has stepped aside pending the outcome of a review into his remuneration arrangements. Between 2018 and 2020, ASIC made regular accommodation payments of A$750 per week on behalf of Mr Crennan following his relocation from Melbourne to Sydney, resulting in him exceeding his total remuneration package. Crennan has indicated that he will repay the amount as a debt due to the Commonwealth. Shipton's payment stemme...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login