Day: April 20, 2023

Robert George McClelland and his companies Roadships Australian International Intermodal Marine Lines Pty Ltd and Roadships Cycclone Pty Ltd were found not guilty in the Downing Centre Local Court on 14 April 2023 of criminal charges relating to ASIC Act notice compliance failures. The companies were each charged with one count of failing to comply …

Roadships companies and director found not guilty of criminal offences Read More »

Steven Phillip Heaton of South Melbourne, Victoria, has been sentenced in the County Court of Victoria to six months imprisonment following his conviction on fraud charges brought by ASIC. Mr Heaton was also ordered to complete a two-year Community Corrections Order. Mr Heaton was a former director of Independent Products Pty Ltd ACN 169 714 …

Former Melbourne director sentenced to six months imprisonment for fraud Read More »

ASIC is calling for all financial institutions to improve their approaches to handling scams after new ASIC analysis revealed that scam losses for major bank customers exceeded $550m last financial year and impacted more than 31,700 customers. The figures come from ASIC’s new Report 761 Scam prevention, detection and response by the four major banks, …

ASIC calls for improved approaches to scams as major bank customers report over $550 million in scam losses Read More »