Mr Andrew Law, of Biggera Waters, Queensland, has been convicted by the Southport Magistrates Court for making false or misleading statements in documents submitted to ASIC. Mr Law has been fined $3,000.
On 19 November 2018, Mr Law pleaded guilty to three counts of knowingly making false or misleading statements in documents submitted in support of an Australian Financial Services (AFS) licence application or involving his nomination as a responsible manager of an AFS licence in December 2013, December 2014 and September 2015. Mr Law stated he had never been bankrupt when he had been made bankrupt in 2008.
Magistrate Pamela Dowse said: ’It is a very serious matter in my view. You made a false statement and you put it in a Statutory Declaration.’
