News and Analysis

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‘Time for a clean out’: ASIC and Australia Post scandals rock public executives – 24 October 2020

The government is drawing up terms of reference for an investigation into Australia Post after Senate estimates heard on Thursday that its chief executive Christine Holgate spent $19,950 on Cartier watches as rewards for four employees. Ms Holgate had previously spent $300,000 on corporate credit cards and chauffeur-driven cars in the 2019/20 financial year.

https://www.brisbanetimes.com.au/politics/federal/time-for-a-clean-out-asic-and-australia-post-scandals-rock-public-executives-20201024-p5687g.html

ASIC chair James Shipton steps aside pending outcome of investigation into $118,000 tax advice bill – 23 October 2020

The chair of Australia’s corporate watchdog ASIC will step aside after it was revealed the organisation paid more than $118,000 for him to receive personal tax advice. The audit office also raised concerns about a $70,000 housing cost payment made over two years to ASIC’s deputy chair Dan Crennan. The Australian National Audit Office (ANAO) said the payments may have exceeded the limits set by the Remuneration Tribunal for both men’s salaries.

https://www.abc.net.au/news/2020-10-23/investigation-asic-launched-chair-james-shipton-stepping-aside/12807278