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Asic deputy chairman resigns after $70,000 rental payment revealed Concerns about payment to Daniel Crennan, which were to help him relocate from Melbourne to Sydney, were raised by the auditor general The corporate regulator’s head of enforcement, deputy chairman Daniel Crennan QC, has resigned after it was revealed he received almost $70,000 in rental payments that may have exceeded public sector pay limits. Concerns about the payments to Crennan, which were to help him relocate from Melbourne to Sydney, and $118,000 the Australian Securities and Investments Commission paid KPMG to give tax advice to the regulator’s chairman, James Shipton,  were raised with treasurer  Josh Frydenberg in a letter from the auditor general last week. In a statement, Crennan said he had been intending to retire in July – a move that would have brought his time at Asic to three years. “However, in the circumstances, I have decided that it is in the best interests of Asic for me to resign now,” C...