Day: November 14, 2024

Former Director and CEO of Credit Union, Lyndon Kingston, found guilty of dishonest conduct

Former Director and CEO of Bananacoast Community Credit Union Limited (BCU), Lyndon Allen Kingston, has been found guilty of dishonest conduct. On 12 November 2024, following a four-week trial in the Brisbane District Court, a jury found Mr Kingston guilty of two counts of dishonestly using his position with the intention of gaining an advantage …

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ASIC announces new enforcement priorities with a focus on cost of living pressures

ASIC today announced its enforcement priorities for 2025, capturing the key areas where it will direct resources and expertise in the coming year. ASIC Deputy Chair Sarah Court said, ‘Our 2025 enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures. These priorities are about protecting Australians …

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