Opinion

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

Apr 15, 2021 – 12.00am

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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).

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.