Business
Asic chief James Shipton cleared of misconduct but agrees to step down – The Guardian
Federal treasurer says he will act on recommendations of inquiry into corporate regulator but does not release report
The chair of the corporate regulator, James Shipton, and its former deputy chair, Daniel Crennan QC, have been cleared of misconduct following an inquiry into hundreds of thousands of dollars in benefits they received over and above their statutory pay packets.
Shipton stood aside in October after the auditor general raised concerns about the Australian Securities and Investments Commissions decision to pay almost $120,000 for tax advice designed to help him relocate to Australia.
The treasurer,…
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