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Showing 71 - 78 of 78 results for "Credit Act"

ASIC sends warning to property spruikers

JAMES FERNYHOUGH  |  THURSDAY, 16 MAY 2013
The Australian Securities and Investment Commission (ASIC) has revoked the credit licence of Money Choice Pty Ltd after an investigation found the company had failed to comply with credit laws. The Melbourne-based company's director, Matthew George ...

Same Day Money loses credit licence

LAURA MILLAN  |  MONDAY, 11 MAR 2013
... Office of Fair Trading inspector. Sullivan also made a statement knowing to be false or misleading to the Consumer Credit Act of Queensland. ASIC also accuses Sullivan of making false statements in relation to Same Day Money's ACL Annual Compliance Certificate ...

Rum outcome for Bundy: ASIC suspend license

MARK SMITH  |  FRIDAY, 8 FEB 2013
A day after a Western Australian credit broker had his license revoked for breaking the law, the industry body has banned Harold Charles Bundy for three years after it found he was not a fit and proper person to engage in credit activities. The ban ...

ASIC cancels national planning firm's license

MARK SMITH  |  THURSDAY, 7 FEB 2013
National financial planning business AAA Financial Intelligence has had its license revoked by the Australian Securities and Investments Commission (ASIC) after it had 'comprehensively and repeatedly' failed to comply with the Corporations Act 2001 ...

Former mortgage broker convicted

MARK STORY  |  FRIDAY, 25 JAN 2013
... mortgage broker was yesterday convicted of 10 offences under the National Consumer Credit Protection Act 2009 (National Credit Act). In September 2012 Daniel Nguyen, of Panania, pleaded guilty to 10 offences including providing false information and ...

ASIC cancel Morrison Carr AFSL

LINDA HAUSKEN  |  TUESDAY, 31 JUL 2012
Australian Securities & Investments Commission has cancelled the Australian financial services and credit license of Morrison Carr Financial Services following a surveillance of the national planning business The sole director of Morrison Carr Financial ...

ASIC bans unlicensed Sydney adviser

LINDA HAUSKEN  |  THURSDAY, 12 JUL 2012
Australian Securities & Investments Commission has permanently banned Sydney based adviser Ropati Broederlow after it found he acted dishonestly and made false and misleading statements in relation to financial products. Broederlow was also operating ...

Govt drafts new credit regime

MICHAEL HOBBS  |  TUESDAY, 28 APR 2009
The government has released a draft bill to develop a national credit licensing regime. The bill will create the Australian Credit License (ACL) which will come into effect from the beginning of next year. ACL holders must meet a set of minimum standards ...
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