Thom review set out 8 improvements for ASIC
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The federal government has said that it expects ASIC to implement “as a priority” the eight recommendations of the Thom review into its governance arrangements.
On Friday (29 January), Treasurer Josh Frydenberg announced that the government would implement “significant changes” to the governance of the Australian Securities and Investments Commission (ASIC) as a result of Dr Vivienne Thom’s review of ASIC governance.
The review, undertaken by the former inspector-general of intelligence, looked into concerns raised by the Auditor-General that the relocation payments made to ASIC chair James Shipton and former deputy chair Daniel Crennan QC may have exceeded the limits set by the Remuneration Tribunal.