Business
Asic boss James Shipton stands aside as Treasury investigates $118,000 tax advice payment – The Guardian
Treasury is also investigating a $750 a week relocation payment made over two years to Asic’s deputy chair Daniel Crennan
The chairman of the corporate regulator, James Shipton, stood aside on Friday while Treasury investigates payments of more than $118,000 made to KPMG for tax advice he received.
Fringe benefits tax of more than $78,000 was also charged on the advice, bringing the total cost to the Australian Securities and Investments Commission to almost $200,000.
Treasury is also investigating a $750 a week relocation payment made over two years to Asics head of enforcement and deputy chair, Daniel Crennan QC,…
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