The corporate watchdog’s deputy chair, Daniel Crennan, has resigned amid investigations into relocation expenses by Crennan and chair James Shipton.
The Australian Securities and Investments Commission (ASIC) announced on Friday Crennan and Shipton were to step aside pending the investigation.
According to the Australian Financial Review, Crennan said in a statement today that he had tendered his resignation to Treasurer Josh Frydenberg with immediate effect.
“I had been intending to retire from my position in July 2021. However, in the current circumstances, I have decided that it is in the best interests of ASIC for me to resign now,” Crennan said.
“In order to ensure that ASIC’s important work is not disrupted, I will remain available to facilitate the orderly transfer of work to my successor.
“I wish the new commissioner every future success as he or she continues the critical work that ASIC is assigned to undertake.”
