Now we are starting to uncover more impropriety....but again, not from ISX management...

ASIC chief James Shipton to step aside amid expenses bombshell

The corporate regulator has dropped a bombshell in a parliamentary inquiry with ASIC chairman James Shipton saying he will step aside and will repay moving expenses relating to his shift into the job.Mr Shipton told the committee he had offered to the treasurer Josh Frydenberg to step aside pending an independent review into the expenses.ASIC’s most senior deputy chair will take on his role while the matter is investigated. The Treasurer is considering how to fill the role.
ASIC said it was working with Treasury on the scope of the review into his expenses, which the Australian National Audit Office indicated had exceeded guidelines.Deputy chair Daniel Crennan’s expenses relating to his move had also exceeded guidelines, the committee heard.“Following its audit of ASIC’s financial statements, the ANAO stated a belief that the total remuneration paid to both office holders may exceed the limits set within the relevant Remuneration Tribunal Determinations,” Mr Shipton said in a statement.