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Showing 71 - 80 of 93 results for "Credit Act"

ASIC bans jailed former advice director

JAMIE WILLIAMSON  |  MONDAY, 15 AUG 2016
ASIC has permanently banned the former director of an insurance broking company after being found guilty of seven counts of dishonestly obtaining a financial advantage from the Commonwealth by deception. In April Timothy Charles Pratten was sentenced ...

AAT upholds ASIC adviser ban

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
The Administrative Appeals Tribunal (AAT) has upheld a decision to permanently ban a Sydney finance broker. Shiv Sahay of Lidcombe NSW, was permanently banned from providing financial services and engaging in credit activity following an ASIC investigation ...

ASIC hands down multiple bans

KERRIE SYDEE  |  WEDNESDAY, 27 JUL 2016
ASIC has permanently banned one adviser and handed temporary bans to two others, one of which was formerly employed by Australian and New Zealand Banking Group (ANZ). Craig Miller, formerly of Malanda in North Queensland, was employed by ANZ as a financial ...

ASIC charges unlicensed SMSF loan provider

ALEX BURKE  |  THURSDAY, 12 NOV 2015
ASIC has brought criminal charges against a former company director for offering "loans" based on future superannuation entitlements. Grant Thorsby Ross (alias David Thorsby Ross) was the former sole director of Motabank and Multimedia Marketing, and ...

ASIC bans convicted broker

MARK SMITH  |  WEDNESDAY, 20 MAY 2015
ASIC has banned a mortgage broker from engaging in credit activities and from providing financial services for 10 years following her conviction for loan fraud. In September 2014 and following an ASIC investigation, Shashi Kanta Prasad, also known as ...

ASIC permanently bans former finance broker

HARRY PAGE  |  THURSDAY, 10 JUL 2014
The Australian Securities and Investments Commission (ASIC) has permanently banned former Victorian finance broker Rudy Frugtniet after he provided misleading information and lacked full disclosure on a credit licence application. Frugtniet is a former ...

ASIC permanently bans 'tombstoning' adviser

LAURA MILLAN  |  WEDNESDAY, 16 APR 2014
The Australian Securities and Investments Commission (ASIC) has permanently banned financial adviser Pavan Vyas engaging in credit activities after he was convicted for dishonest conduct. Vyas was found guilty of 'tombstoning', a practice that involves ...

ASIC dictates seven-year ban for rogue CBA adviser

LAURA MILLAN  |  MONDAY, 7 APR 2014
The Australian Securities and Investments Commission (ASIC) has banned Commonwealth Financial Planning adviser Jade Zaicew for seven years. Zaicew's banning follows ASIC actions against former CBA advisers Don Nguyen, Ricky Gillespie, Simon Langton ...

Westpac exec gets ASIC ban after preying on elderly's finances

ALICE URIBE  |  WEDNESDAY, 12 MAR 2014
ASIC has permanently banned David St Pierre, a former Westpac bank home finance manager from engaging in credit activities and providing financial services after encouraging vulnerable clients to borrow against their homes for investments. St Pierre ...

Finance broker gets 6 month ban

STAFF WRITERS  |  WEDNESDAY, 16 OCT 2013
... been trading as 'Gryphon Financial' had contravened the National Consumer Credit Protection Act 2009 (Cth) (National Credit Act). He did this by failing to lodge an annual compliance certificate within 45 days after the licensing anniversary of his Australian ...