December 2024
- Exclusive
- Legal profession
Treasury head Steven Kennedy backs ASIC, ACCC on barrister pay
The department’s secretary has personally lobbied to end a 13-year freeze on what barristers can earn for doing government work.
- Ronald Mizen
October 2024
- Exclusive
- Legal profession
Let us pay barristers more, ASIC–ACCC chiefs urge Labor
Junior silks can command up to $9500 a day from commercial clients, but only about $2730 from the government, a situation two watchdogs want to change.
- Ronald Mizen
August 2024
- Exclusive
- Legal profession
ASIC, ACCC ‘materially weakened’ in court by $5k cap on top silk pay
Former chairmen of ASIC and the ACCC have spoken out against the 13-year freeze on federal government pay rates for barristers, saying it cost them in the courtroom.
- Ronald Mizen
June 2024
Litigation lover Clive Palmer sues James Shipton
After spending millions pursuing the former ASIC chairman with newspaper ads, the Rich Lister has come back for more.
- Updated
- Myriam Robin
February 2024
- Exclusive
- Governance
Trouble at the top: When ASIC went to war with itself
The struggles between ASIC officials made it hard for the government to find a new corporate law enforcement chief.
- Aaron Patrick, Patrick Durkin and Ronald Mizen
At ASIC, a noon showdown killed any chance of peace
Ex-ASIC chairman James Shipton desperately wanted to avoid the meeting with his deputy that was exposed on the front page of the Financial Review.
- Aaron Patrick, Ronald Mizen and Patrick Durkin
Gaps in stopping ‘unacceptable’ conduct at ASIC, chair warns
ASIC chairman Joe Longo says the conduct of statutory appointees raises “significant and potentially sensitive policy issues”.
- Patrick Durkin, Ronald Mizen and Aaron Patrick
- Exclusive
- Governance
ASIC deputy told chairman she could have ‘destroyed’ him
Karen Chester raised allegations about her boss James Shipton in a private meeting, then asked him to lobby business figures to help her get his job.
- Aaron Patrick, Ronald Mizen and Patrick Durkin
September 2023
Shipton accuses Treasury of ‘tin ear’ over bad behaviour claims
Former corporate watchdog chief James Shipton has written to Treasurer Jim Chalmers accusing Treasury of being insensitive and obstructionist over allegations of intimidation.
- Ronald Mizen
February 2023
- Opinion
- Regulation
Reform of ASIC should start with accountability at the top: Shipton
Unlike other ASIC staff, who are governed by employment contracts that incorporate codes of conduct, commissioners do not even have employment contracts.
- James Shipton
February 2023
- Exclusive
- Regulation
It’s time to break ASIC in two: James Shipton
Successive governments have increasingly heaped responsibilities on the agency over the years without adding more resources, says its former chairman.
- Updated
- Ronald Mizen
How low can Joe Longo go?
If only ASIC was less concerned with its public image and more concerned with enforcing the law.
- Joe Aston
January 2023
- Exclusive
- Regulation
Longo’s ASIC reset aims for faster enforcement
Corporate watchdog chairman Joe Longo is poised to reveal the largest shake-up of the ASIC in 15 years next month, in a move designed to streamline enforcement, cut bureaucracy and deliver faster decision-making.
- Updated
- Ronald Mizen
May 2022
Ex-ASIC chairman James Shipton joins Superhero board
Trending fintech Superhero has signed the former regulator head and Harvard Law professor as a non-executive board director.
- Aleks Vickovich
September 2021
Longo incurious about Shipton report
If crossing a minefield is unavoidable, perhaps ignorance is bliss.
- Myriam Robin
August 2021
ASIC dumps ‘why not litigate’ policy as Frydenberg resets path
The corporate watchdog’s controversial “why not litigate” mantra has been dumped, with ASIC taking a more business-friendly approach to support the economy.
- Ronald Mizen
Ghost of Shipton still at ASIC
The phrase ‘other people’s money’ appears to still be standard boilerplate across all of ASIC’s job ads.
- Myriam Robin
June 2021
- Exclusive
- Regulation
PwC to overhaul ASIC’s structure
New Australian Securities and Investments Commission chairman Joe Longo has tapped the consultant for a review as the regulator braced for more leadership upheaval.
- Michael Roddan
April 2021
- Analysis
- Executive shake-up
Shipton litigation era ends with Longo shake-up
A new government statement of expectations will ‘make clear that the government expects ASIC to support Australia’s economic recovery from the COVID-19 pandemic’.
- Michael Roddan
Cleaned-out ASIC charged with aiding recovery
Treasurer Josh Frydenberg has cleaned out the leadership of the corporate regulator and inserted a new guard, heralding a shift to a more business-friendly footing.
- Michael Roddan, John Kehoe and Michael Pelly