Brad Cooper faces more charges
23 March 2004
Former FAI and HIH associate Brad Cooper has been charged on another three counts, bringing the total of charges to 13…
Regulatory & Government
Brokers acquitted on ASIC charges
23 March 2004
Former Doncaster-based insurance brokers Stephen and Sharon Romp have been acquitted in the Melbourne Magistrates’ Court of charges arising from an ASIC investigation…
Permanent ban for Sydney planner
23 March 2004
ASIC has permanently banned Sydney-based financial planner Max Valentino – also known as Max Soud – from acting as a representative of a dealer or investment adviser…
Former adviser for trial
23 March 2004
Former Melbourne adviser Robert Street has been committed to stand trial in the County Court of Victoria in June on five counts of obtaining financial advantage by deception…
Knott lashes out at APRA proposal
16 March 2004
APRA’s proposal to impose a new set of corporate governance standards in the financial services industry is completely misguided, says former ASIC Chairman David Knott…
Keep it simple, says ASIC
16 March 2004
ASIC is advising financial advisers and product issuers to keep Statements of Advice (SOAs) as simple as possible…
ASIC appoints new consumer protection boss
09 March 2004
Greg Tanzer takes over this week as ASIC’s Consumer Protection executive, replacing Peter Kell, who quit to take on the top job at the Australian Consumers Association…
FSRA: one day to go, with 1400 missing
09 March 2004
With the industry poised to enter the Financial Services Reform Act regime on Thursday, ASIC has processed only about 3600 of the 5000 Australian financial services licences…
Broker agrees to injunctions
09 March 2004
Brisbane broker Denis Davis has consented in the Federal Court to permanent injunctions over his involvement in a scheme promoting the illegal early release of superannuation benefits…
FSRA paperwork: a ministerial view
24 February 2004
Perhaps Ross Cameron, the Parliamentary Secretary to the Treasurer, hasn’t seen what the FSRA regulations require of financial services intermediaries when it comes to paperwork…
ASIC to assist industry post-FSRA
24 February 2004
ASIC thinks the FSRA has been appropriately amended where there were grey areas…
ASIC cuts FSR licensing re-printing costs
24 February 2004
ASIC has moved to protect the forests and keep printers from getting too rich by allowing companies which printed Product Disclosure Statements…
Former SA planner charged
17 February 2004
Former Adelaide financial planner Michael Smith has been charged with fraudulently converting customers’ cheques for his own benefit…
The story of one who missed out
10 February 2004
For businesses wanting to provide any kind of financial advice after March 10 this year, ASIC’s message last year was unequivocal…
AFS e-licensing changes
10 February 2004
ASIC will release version 5 of e-licensing for Australian financial services licences when the FSR transition period ends on March 10…
900+ AFSL applications still to come
03 February 2004
With only just over a month to comply, more than 900 businesses have still to submit applications for their Australian financial services licence to ASIC…
Former SA broker charged
03 February 2004
Desmond Allomes, a former South Australia-based director of AC Insurance Brokers, has been charged with three offences under the Insurance (Agents & Brokers) Act…
New enforcer for ASIC
03 February 2004
ASIC has appointed Jan Redfern as Executive Director Enforcement following the retirement of Peter Wood…
You’ve got until tomorrow, then you’re on your own
09 December 2003
Next to the March 11 2004 implementation date, December 10 2003 has a certain ring about it if you’re participating in the Financial Services Reform Act’s licensing process…
Hurry up! ASIC’s latest AFSL concern
25 November 2003
After months of saying there’s still time for businesses to apply for their Australian financial services licences (AFSL), ASIC has finally announced that time is running out…