December 2024
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.
October 2024
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.
August 2024
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.
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.
February 2024
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.
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.
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”.
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.
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.
February 2023
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.
February 2023
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.
How low can Joe Longo go?
If only ASIC was less concerned with its public image and more concerned with enforcing the law.
January 2023
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.
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.
September 2021
Longo incurious about Shipton report
If crossing a minefield is unavoidable, perhaps ignorance is bliss.
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.
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.
June 2021
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.
April 2021
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’.
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.