Ex-broker jailed
07 December 2004
Former unlicensed NSW broker Marcus Anthony has been jailed for six months and fined $500 after pleading guilty to fraud and operating as an unlicensed broker…
Regulatory & Government
Former agent barred
07 December 2004
ASIC has permanently barred South Australian insurance agent Dominic Romeo from providing any financial service…
APRA releases annual report
16 November 2004
The financial services sector seems to be humming along nicely, with the Australian Prudential Regulation Authority’s annual report showing the economy…
Rural & General boss disqualified
16 November 2004
The MD of Rural and General Insurance Broking has been disqualified under the “fit and proper” provisions of the Insurance Act…
Vic toughens up workplace safety
16 November 2004
Victorian WorkCover Minister Rob Hulls has unveiled a package of reforms aimed at reducing workplace deaths and injuries…
Nigerian letter scam puts planner in jail
09 November 2004
A former financial adviser has been sentenced to five years and three months in jail after falling for a Nigerian investment scam and taking his clients down with him…
APRA releases reporting standards
09 November 2004
APRA has released an overview paper that will assist APRA-regulated institutions…
Germany’s BaFin is all right, says ASIC
02 November 2004
ASIC has given financial services providers in Germany the option of offering wholesale products to the Australian market…
Disclosure overload – it’s official
02 November 2004
ASIC agrees that documents planners must give to clients can be too long and contain “horrendous” detail…
Unlicensed broker pleads guilty
02 November 2004
NSW-based former broker Marcus Anthony has pleaded guilty in the NSW Central Local Court to fraud and operating without a licence…
Once more into the breach …
26 October 2004
You’re the holder of an Australian financial services licence, so how do you know just when you’ve committed a reportable breach…?
WA acts on obstetrics lawsuits
26 October 2004
WA plans to cut the time limit in which doctors can be sued over problem births from 24 years to six…
Agent’s fraud sentence suspended
26 October 2004
Victorian-based insurance agent John Burton-Clay has been given a 15-month jail sentence, suspended for two years, for theft and fraud totalling almost $531,000…
Check that cover
26 October 2004
There’s been an absence of widespread floods over the past few years, and the lawsuits against insurers from the last lot of major floods have all pretty much been resolved…
Adler loses bid to defer prosecution
19 October 2004
Former FAI MD and HIH director Rodney Adler has had his appeal to a NSW Supreme Court decision thrown out by the state’s Court of Appeal…
Fraudster awaits sentence
19 October 2004
A former Victorian insurance intermediary has pleaded guilty to obtaining financial advantage by deception, theft and obtaining property by deception between…
Dollar disclosure deadline
12 October 2004
They wouldn’t do it for the Financial Services Reform Act, but the Australian Securities and Investments Commission has taken a much softer line…
ASIC creeps up on mavericks
12 October 2004
It’s seven months since the FSRA came into effect, and ASIC is entering the second stage of a campaign to get rid of unlicensed financial services companies…
Insurance agent barred
05 October 2004
ASIC has obtained final orders in the Federal Court against former insurance agent Domenic Romeo of Fullarton, South Australia…
AFS licensing kit updated
05 October 2004
The Australian Securities and Investments Commission has released Version 6 of eLicensing and the AFS Licensing Kit…