Day: December 15, 2023

Ms Janet Heather Cameron, of Hobart, Tasmania, has been found guilty in the Hobart Magistrates Court of one count of failing to lodge a substantial holder notice regarding her interests in Bellamy’s Australia Limited (Bellamy’s) and one count of making a false and or misleading statement. The Court found that in August 2014, Ms Cameron …

Janet Cameron found guilty of not disclosing her interest in Bellamy’s Australia Read More »

On 13 December 2023, following a three-day hearing, the Federal Court made orders appointing Linda Smith and Robert Kirman of McGrathNicol as corporate receivers and managers of Australian Financial Services licensee, Brite Advisors Pty Ltd (Brite). The receivers are tasked with conducting further investigations into Brite and the approximately AUD$1 billion client pension funds under …

Federal Court appoints receivers to Brite Advisors Read More »

ASIC has commenced civil penalty proceedings in the Federal Court against Adam Blumenthal alleging market rigging and breaches of his duties as a director of two companies, EverBlu Capital Pty Ltd (EverBlu) and Creso Pharma Limited (now known as Melodiol Global Health Limited)(Creso). ASIC has also accepted a court enforceable undertaking from Mr Blumenthal to …

ASIC commences civil proceedings against Adam Blumenthal and EverBlu Capital undertakes to cancel its licence Read More »

ASIC today published its annual dashboard of regulatory costs for 2022-23 by activity for each sector and subsector under the industry funding model (IFM). This is a requirement under s138 of the Australian Securities and Investments Commission Act 2001. These costs, calculated at the end of each financial year, are based on the actual effort …

ASIC industry funding: Release of 2022-23 annual dashboard and summary of variances Read More »

Debt Wipeout founder David Murphy has been found unfit to stand trial and unlikely to become fit in the next 12 months, following a fitness hearing in the NSW District Court. On 26 April 2022, Mr Murphy was charged with four counts of engaging in dishonest conduct while carrying on a financial services business and …

Debt Wipeout business operator found unfit to stand trial Read More »