Business
ASIC shamed in the political dock as Frydenberg considers shake-up – The Australian Financial Review
The corporate regulator is now trying to retrieve its own reputation for good behaviour after chairman James Shipton stood aside on Friday and deputy chair Daniel…
But that leaves Treasurer Josh Frydenberg considering his options for a major shake-up of an organisation already in bad odour with the government.
The politically unacceptable nature of ASICs decision to pay over the odds for Shiptons personal tax advice and Crennans rent assistance now gives Frydenberg an unexpected opportunity as well as the inherent risk of getting it wrong.
Earlier indications of his determination to force change at ASIC were already apparent in his decision to cut the organisation…
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