ASIC boss steps aside pending investigation into $118k tax expenses | Finance Report

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Questions of integrity are threatening to topple the career of Australia's corporate watchdog after it was revealed taxpayers picked up a hefty $118,000 bill in personal tax advice for the chair of ASIC .

James Shipton has stepped down while there's an investigation but says he'll will repay the Commonwealth as will his deputy who claimed $70,000 in expenses.

Political Editor Andrew Probyn reports

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