Former Get Approved Finance broker Mr Peter Lachlan McDonald has appeared before the Perth Magistrates Court today charged with seven counts of giving false information and one fraud charge following an investigation by ASIC. ASIC alleges that, between January 2013 and April 2013, Mr McDonald, in the course of brokering four motor vehicle finance contracts, …
Former Perth finance broker pleads guilty to loan fraud Read More »
Following an ASIC investigation, Mr David Justin Burke, 59, of Natural Bridge in Queensland, appeared before the Brisbane Magistrates’ Court on 6 April 2018 charged with five counts of giving false or misleading information to ASIC during an examination under oath in March and June 2016. The examination of Mr Burke was part of an …
Queensland man charged with misleading ASIC investigation Read More »
ASIC today published an overview of its Small Business Strategy 2017-2020 and the progress achieved to date. Report 571 ASIC and small business (REP 571) explains ASIC’s Small Business Strategy and examines the ways in which ASIC assists, engages with and helps protect small business in Australia. It also provides key results for the period …
ASIC reports on Small Business Strategy 2017-2020 Read More »
Buddy Technologies Limited (Buddy) has written down the intangible assets of its consumer lighting business by $44.8 million in its financial report for the half-year ended 31 December 2021. ASIC reviewed Buddy’s financial report for the year ended 30 June 2021. As part of its financial reporting surveillance program, ASIC raised questions about Buddy’s consumer …
Buddy Technologies writes down intangible assets Read More »
ASIC has today published a report, Report 718: Response to submissions on CP 341 Review of the ePayments Code: Further consultation (REP 718), on updates to the ePayments Code (the Code). REP 718 follows the release in May 2021 of Consultation Paper 341 Review of the ePayments Code: Further consultation (CP 341), which sought feedback …
ASIC releases report on feedback in ePayments Code review Read More »
ASIC has disqualified former director Giocchino Volpes from Glenhaven, NSW, from managing corporations for four years after his involvement in two failed companies. Between 2016 and 2022, Mr Volpes was a director of two companies which operated in the automotive mechanical repair industry: PALS (NSW) Pty Ltd (A.C.N. 609 139 353); and Max Mobile Mechanics …
Mr Tom Thompson of Cabarita, New South Wales, has pleaded guilty to two counts of making false or misleading statements in documents lodged with ASIC. Mr Thompson is a director of Gumquest Pty Ltd ACN 072 443 611 (Gumquest) and a former director of Bonaparte Films Pty Ltd ACN 159 657 753 (Bonaparte Films). The …
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Former employment agency director Rachel Edwards (also known as Konito Pakoti) of Werribee, Victoria, has been convicted of breaching her directors’ duties and sentenced to 11 months’ imprisonment. She was immediately released on a three-year good behaviour bond. From 9 February 2009 to 26 Janurary 2016, Ms Edwards was the sole director of employment agency …
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On 10 February 2022, former registered liquidator, Amanda Young, from Lewisham, New South Wales, was sentenced by the New South Wales District Court to a total period of three years’ imprisonment to be served by Intensive Correction Order along with 350 hours of community service. Between 10 December 2017 and 5 December 2018, Ms Young, …
The Federal Court has ordered PE Capital Funds Management Ltd into liquidation after finding that the firm breached the law by operating managed investment schemes without an AFS licence and by engaging in misleading and deceptive conduct. From around 2015, PE Capital Funds Management used the money raised by its managed investment schemes to fund …
Managed investment schemes operator ordered into liquidation Read More »
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