Karen Chester, the acting chair of the Australian Securities and Investments Commission , says it took far too long for the corporate watchdog to respond to the knowledge it had overpaid its boss and deputy nearly $200,000.
Officials from the Australian National Audit Office are concerned the payments may have exceeded the limits set by the Remuneration Tribunal for both men's salaries. James Shipton was announced as the next ASIC chairman by then-financial services minister Kelly O'Dwyer on October 17, 2017.On Tuesday, Ms Chester told a Senate Estimates hearing ASIC officials had discovered the $187,000 in overpayments themselves during an internal audit and brought the matter to the attention of the ANAO last year.
Surely not on ScoMo and Josh’s watch. They keep telling us the Adults are in charge. Weak and corrupt LNP
ASIC was too slow to act on many of the issues that lead to and were addressed by the Hayne Royal Commission into banks and it seems they haven’t learnt the cultural lessons he dished out. It’s time for a serious overhaul at ASIC!
DER Fred
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ASIC deputy chair quits in wake of expenses scandalBreaking: ASIC deputy chair Daniel Crennan has resigned after it emerged he claimed nearly $70,000 from taxpayers to cover rent | katinacurtis katinacurtis Shame on him! katinacurtis Slap on the wrist... 😲 katinacurtis What a douchbag....we are working hard to pay taxes and this is how our money is spent
Source: smh - 🏆 6. / 80 Read more »
Deputy chair of ASIC resigns following expenses scandalThe deputy chair of Australia's corporate watchdog ASIC has resigned following an investigation into his expenses. That' just awful. I guess this would be the same ASIC (and APRA) that should have been regulating the finance industry, which resulted in a royal commission. I think we need to speed up the prosecution process and build more jails to accommodate the bludging parasites on our payroll.
Source: abcnews - 🏆 5. / 83 Read more »
ASIC Deputy Chair quits over taxpayer funded rental expenses | Sky News AustraliaThe Deputy Chair of Australia's corporate regulator has resigned following revelations more than $70,000 in taxpayer funds were used to support his Sydney lifestyle.\n\nOn Friday it was revealed ASIC Chair James Shipton and his Deputy Chair Daniel Crennan received more than $180,000 to cover the cost of managing tax affairs and rental payments.\n\nMr Shipton has stepped aside while an independent investigation is carried out and Mr Crennan has today tendered his resignation. \n No wonder they fine you for not paying your Asic fees on time. They need the $$$ for budget 'extras'. That’s fraud . Will he pay this money back. Go to jail Or is a resignation just ok I done know where the culture of entitlement flows from.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Deputy chair of ASIC resigns following expenses scandalThe deputy chair of Australia's corporate watchdog ASIC has resigned following an investigation into his expenses. That' just awful. I guess this would be the same ASIC (and APRA) that should have been regulating the finance industry, which resulted in a royal commission. I think we need to speed up the prosecution process and build more jails to accommodate the bludging parasites on our payroll.
Source: abcnews - 🏆 5. / 83 Read more »
ASIC deputy chair quits in wake of expenses scandalBreaking: ASIC deputy chair Daniel Crennan has resigned after it emerged he claimed nearly $70,000 from taxpayers to cover rent | katinacurtis katinacurtis Shame on him! katinacurtis Slap on the wrist... 😲 katinacurtis What a douchbag....we are working hard to pay taxes and this is how our money is spent
Source: smh - 🏆 6. / 80 Read more »
ASIC Deputy Chair quits over taxpayer funded rental expenses | Sky News AustraliaThe Deputy Chair of Australia's corporate regulator has resigned following revelations more than $70,000 in taxpayer funds were used to support his Sydney lifestyle.\n\nOn Friday it was revealed ASIC Chair James Shipton and his Deputy Chair Daniel Crennan received more than $180,000 to cover the cost of managing tax affairs and rental payments.\n\nMr Shipton has stepped aside while an independent investigation is carried out and Mr Crennan has today tendered his resignation. \n No wonder they fine you for not paying your Asic fees on time. They need the $$$ for budget 'extras'. That’s fraud . Will he pay this money back. Go to jail Or is a resignation just ok I done know where the culture of entitlement flows from.
Source: SkyNewsAust - 🏆 7. / 78 Read more »