ASIC deputy chair resigns amid expenses scandal

Deputy Chair of the Australian Securities and Investments Commission (ASIC) Daniel Crennan speaks during a Parliamentary Joint Committee on Corporations and Financial Services at Parliament House in Canberra, Friday, September 13, 2019. (AAP Image/Lukas C

(left to right) Former ASIC Deputy Chair Daniel Crennan and Chair James Shipton. (AAP Image/Lukas Coch) Source: AAP

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The deputy chair of Australia's corporate regulator has resigned, in the latest expenses scandal to hit the Australian Securities and Investments Commission. It's prompted fresh calls for the government to establish a federal body to investigate corruption.

The deputy chair of Australia's corporate regulator, Daniel Crennan, has quit after receiving nearly $70,000 in taxpayer money to cover rent. It comes days after ASIC chairman James Shipton stood aside after it was found the organisation paid him $118,000 to receive personal tax advice.

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