Business
KPMG’s $118557 tax advice bill ‘outrageous’ – The Australian Financial Review
KPMG’s $118,557 charge for providing taxation advice to ASIC chairman James Shipton was excessive and an employer would not typically have paid a bill of that size,…
ASIC chairman James Shipton stepped aside pending the review.
Treasurer Josh Frydenberg is now awaiting an independent review, due in December, into the the remuneration and procurement practices of the corporate regulator, and is expected to consider a broader overhaul of ASIC’s leadership model.
ASIC had originally agreed to pay $9500 of the KPMG fee with Mr Shipton paying the rest but this later changed to ASIC picking up the entire cost. Mr Shipton has subsequently repaid the full amount to…
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