⁍ Daniel Crennan’s resignation comes just days after it was revealed he had received a rental allowance of around A$70,000 when he relocated from Melbourne to Sydney after he took the deputy chair job in 2018.

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⁍ Crennan said he had agreed to a request by ASIC Chairman James Shipton to move to Sydney in October 2018, and ASIC had agreed to pay him a relocation package which included a rental allowance.

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– The deputy chair of the Australian Securities and Investments Commission resigned Monday amid an expenses scandal that has engulfed senior executives at the corporate regulator. Daniel Crennan’s resignation comes just days after it was revealed that he had received a rental allowance of around A$70,000 when he relocated from Melbourne to Sydney after he took the job in 2018. “I had been intending to retire from my position July 2021,” Crennan said in a statement, per Reuters. “However, in the current circumstances, I have decided that it is in the best interests for me to resign now.” Crennan’s resignation comes just days after it was revealed that he had received a rental allowance of around A$70,000 when he relocated from Melbourne to Sydney after he took the job in 2018.ASIC Chairman James Shipton stood aside from his position on Friday, pending an investigation by government auditors into relocation and tax expenses claimed by both men. Shipton was granted almost A$118,000 for tax advice related to his relocation from the United States, also in 2018.