May 9, 2026 — 5:00am
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Australia’s corporate cop has long been fighting off claims that it’s a toothless tiger – a criticism that comes with the territory. But when Joe Longo became chair of the Australian Securities and Investments Commission (ASIC) in 2021, he faced more than the usual challenges that confront every ASIC boss.
The leadership of ASIC appeared to be in disarray, after Longo’s predecessor James Shipton had stepped down, despite being cleared of any wrongdoing in a formal review of public money being used to prepare his tax returns. The former deputy chair Daniel Crennan had also resigned after scrutiny of his almost $70,000 in housing expenses – an independent report also cleared Crennan of wrongdoing.
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