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ASIC s Shipton confirms retaining top legal team

Print The outgoing chair of the Australian Securities and Investments Commission (ASIC) James Shipton has confirmed retaining a phalanx of senior lawyers to defend his position in the face of the issues raised last year by the Australian National Audit Office (ANAO) about payment for his personal tax advice. During a recent hearing of the Parliamentary Joint Committee on Corporations and Financial Services, Shipton confirmed he had retained the services of two Queen’s Counsels and two other lawyers with the objective of clearing his name with respect to issues raised by the ANAO over the payment of expenses. Under questioning for Labor backbencher, Deborah O’Neill, Shipton insisted that rather than being stood aside last year by the Treasurer, Josh Frydenberg, he had offered to stand aside pending the outcome of an investigation into his expenses and those of his former ASIC deputy chair, Daniel Crennan QC.

Crown among big companies given government funding to employ Aboriginal people

Crown Resorts has received $2.29m from the National Indigenous Australians Agency for employing 230 Indigenous workers for at least 26 weeks. Photograph: Speed Media/Rex/Shutterstock Crown Resorts, the casino giant facing royal commissions in two states over allegations of facilitating money laundering and allowing junkets linked to organised crime to bring in high-rolling gamblers, is among big companies that received millions in federal government funding to employ Aboriginal people. A $3.6m grant to Crown Resorts is one of several awarded to big corporations from the Indigenous Advancement Strategy (IAS), a $4.9bn fund set up in 2014 to alleviate Indigenous disadvantage. Thirty-nine per cent of all current IAS grant funding – around $1.685bn – is being paid out to 589 non-Indigenous corporations, charities and organisations.

Government s private tender process puts small businesses in harm s way

Government s private tender process puts small businesses in harm s way
smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.

LETTERS: HELE coal-fired power station a political pipe dream

LETTERS: HELE coal-fired power station a political pipe dream
themorningbulletin.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themorningbulletin.com.au Daily Mail and Mail on Sunday newspapers.

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