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Showing 21 - 30 of 33 results for "External administration"

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... that the effectiveness of professional indemnity (PI) insurance "is limited where an AFS licensee is in external administration and more generally as a result of the limitations of PI insurance as a consumer protection mechanism." The submission proposed ...

ASIC cancels Capital Advisers' licence

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
... its AFS licence authorised it to advise on a range of products to retail clients. The company went into external administration on 7 January 2014 and liquidation on 3 February 2014.

ASIC reports drop in financial services insolvencies

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
The number of financial and insurance services (FIS) companies going into external administration in the 2012-13 financial year fell modestly compared to the previous year, according to new figures released by the Australian Securities and Investments ...

Two liquidators punished by ASIC

BEN COLLINS  |  TUESDAY, 26 FEB 2013
Australia's corporate watchdog has taken action against two liquidators in separate cases. The Australian Securities & Investments Commission (ASIC) yesterday said that it had accepted an enforceable undertaking from Sydney liquidator Ian Struthers ...

Multiport hits $2bn

ALEX DUNNIN  |  MONDAY, 24 OCT 2011
... fragmented the SMSF marketplace remains. The fragmentation is because, while there are around 10 major SMSF external administration groups providing services to the sector, with dozens of smaller accounting groups offering their own services or contracting ...

Directors disqualified for 20 years

ASIC RELEASE  |  THURSDAY, 29 APR 2010
... fulfill their responsibilities relating to the proper running of the company, or after it had been placed in external administration. The actions taken by ASIC serve to protect future creditors, investors and employees who may otherwise be involved with ...

ASIC cancels Teys Property AFSL

ASIC RELEASE  |  FRIDAY, 26 MAR 2010
... has cancelled the Australian Financial Services licence of Teys Property Funds after the firm went into external administration earlier this month. Teys is now known as TPFL Ltd. The firm is the responsible entity of eleven property and mortgage funds. ...

Adviser goes to jail for $1.5m fraud

RUTH LIEW  |  THURSDAY, 29 MAY 2008
... consequences," said Redfern. Pisano Financial Services was based in Gosnells, Perth and was placed into external administration on 10 February 2004. The Commonwealth Director of Public Prosecutions prosecuted the matter.

Mortgage broker faces trial on 21 charges

HAMISH MADDEN  |  THURSDAY, 8 MAR 2007
... investors Cay had convinced to invest in Jewel Financial Services. Jewel Financial Services is currently in external administration. Cay was released on conditional bail.

JP Morgan Private Equity Fund Services launches in Australia

ALEX DUNNIN  |  TUESDAY, 14 NOV 2006
... Australia in the form of the need for [administrative] outsourcing," he said. Foreman said the need to use external administration for private equity investments is driven by the scarcity of available accounting and reporting services staff. "Building ...