Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 249 results for %22Victims%22

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... senate on June 22, the Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023, provides victims of financial misconduct access to redress and compensation. The CSLR covers personal financial advice, credit intermediation ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... Association of Australian between 2014 and 2018, received the honour. He is also the founder of Financial Rescue, which assists victims of financial fraud recover their losses. Ross McConachie, also from Tupicoffs, received an OAM for "service to Australia-Japan ...

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... Michele Wein Layne said. "This action demonstrates our continued commitment to protecting retail investors, including victims of affinity fraud." The defendants are charged with violating the antifraud provisions of the federal securities laws, as well ...

Former adviser jailed for six years

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... fraudulent and unforgivable given his position of trust." He also observed that Gordon made no attempt to repay any of the victims. He was sentenced to six years' imprisonment but will be eligible for parole in 18 months. Refocus and Consultia Super ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... relationship that exists between an offender and his or her victim," Justice O'Brien said. "In respect of most of these victims, the offender had established personal bonds over many years. In some instances, he had become close friends with them ...

Fraudster sentenced to eight years behind bars

CHLOE WALKER  |  MONDAY, 17 APR 2023
... of two and a half years. In delivering the sentence, Judge Vicki Loury remarked on the impact of Silver's fraud on the victims, and the financial and psychological cost to them. In September 2019, Silver's son was sentenced to eight years' for fraud ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... compensation scheme will close a missing link in Australia's financial system and ensure that many forgotten financial victims will receive the justice they deserve," CHOICE chief executive Alan Kirkland said. "The Financial Accountability Regime ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
Plans to allow access to offenders' superannuation savings as a means of recourse for victims and survivors of child sex abuse should be extended and made applicable to all major and violent crimes, associations say. In a joint submission to Treasury ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... Australian government is cracking down on child sex abusers hiding their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying child ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... amendments which would at least include MIS's in the CSLR hadn't been included in the Bill. "For example, most of the victims of the Sterling Group collapse would not be covered under the proposed scheme," Abood said. "This is also the case for ...