News and Analysis

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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

Since 2012, Australia has become “significantly” more corrupt – 23 October 2020

According to a global measure of political corruption, Australia has improved, but the same index has flagged us as one of 21 nations with serious issues on that front. Serena Lilly White from Transparency International believes ‘The misuse of travel allowances, inadequate regulation of foreign political donations, conflicts of interest in planning approvals, revolving doors and a culture of mateship, inappropriate industry lobbying in large-scale projects such as mining, and the misuse of power by leading politicians have no doubt had an impact’.

https://www.thebigsmoke.com.au/2020/10/23/since-2012-australia-has-become-significantly-more-corrupt/