Inside story: How the ASIC soap opera forced Frydenberg to act
The Treasurer is now determined to make blue-chip appointments to draw a line under the soap opera that has engulfed the corporate watchdog during the James Shipton era.
Karen Chester gave James Shipton a public flaying during Senate estimates last year. Alex Ellinghausen
It was October 27 last year, and a big day for the Australian Securities and Investments Commission – the top dogs in charge of corporate crime were reporting to a Senate committee.
It was rainy in Canberra, balmy in Melbourne and by the end of the day Australia’s relatively unflappable federal Treasurer Josh Frydenberg may have wished he was on a slow boat to the Antarctic, or at the very least had a large bucket of cold water at hand.
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