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How ASIC struck a relocation raw nerve in 1994

The checkered history of the regulator with relocation payments goes back to the ’90s, where the recipient was Tony Hartnell.

Pamela WilliamsWriter-at-large

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The last time a controversy over relocation benefits hit ASIC was in 1994, but by the time the $300,000 payment emerged in the public light, the recipient (the chairman), had been gone for a year.

Tony Hartnell was the founding chairman of the first ASIC, known as the Australian Securities Commission (which itself was a successor to the National Companies and Securities Commission).

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Pamela Williams is The Australian Financial Review’s writer-at-large. She is an investigative reporter and author, and has won six Walkley Awards and the Graham Perkin Journalist of the Year Award. Email Pamela at pamela.williams@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/how-asic-struck-a-relocation-raw-nerve-in-1994-20210413-p57ist