Category: Press Releases

ASIC has disqualified Bligh Wentworth Williams of Surfers Paradise, Queensland, from managing corporations for three years due to his involvement in the failure of two companies. Between January 2018 and August 2020 Mr Williams was the director of two companies which entered liquidation in May 2019 and May 2021: Workaholic Services Pty Ltd (ACN 621...

ASIC has disqualified director Chin Ann David Howe, of Sydney, NSW, from managing corporations for one year due to his involvement in the failure of eight companies. Between 20 August 2014 and 10 October 2022, Mr Howe was a director of: TJP George Pty Ltd (ACN 626 385 653); TJP Pitt Pty Ltd (ACN 626...

ASIC has disqualified Anthony Makris of Frankston Victoria, from managing corporations for three years due to his involvement in the failure of two companies. Between January 2018 and March 2020 Mr Makris was the director of two companies that entered liquidation: M2O (Made Two Order) Pty Ltd (ACN 127 422 422) (M2O); and M2O Interiors...

In its fourth report, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has found that professional bodies are continuing to demonstrate good levels of compliance with money laundering regulations but improvements in how effectively they supervise have not been good enough. OPBAS is housed within the FCA and is responsible for overseeing 25 Professional...

ASIC has permanently banned Skynet Financial Services Pty Ltd director Terence Rio Nugara, of Melbourne, Victoria, from providing financial services. Mr Nugara was the sole director of Skynet Financial Services from 2009 to 2019. Between 2013 and 2017, Mr Nugara and Skynet Financial Services were authorised and corporate authorised representatives of Financial Services Partners. ASIC...

ASIC has today released updated guidance for industry on making notifications to ASIC under the reportable situations regime (formerly breach reporting). The updates to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees (RG 78) clarify aspects of the existing guidance and provide new guidance in response to operational issues that have arisen...

Gaudi Regulated Services Limited (Gaudi), is a self-invested personal pension (SIPP) operator authorised and regulated by the FCA. We set out the steps Gaudi clients should take and advice on how to protect against scams. What has happened to my Gaudi pension? On 25 April 2023, Gaudi sold its pension business to Platform One Limited...

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today issued their Spring 2023 Joint Committee Report on risks and vulnerabilities in the EU financial system. While noting that EU financial markets remained broadly stable despite the challenging macro environment and recent market pressure in the banking sector, the three Authorities are calling...

Former Sunshine Coast financial adviser, Brett Gordon has appeared before the Maroochydore District Court and entered pleas of guilty to nine counts of fraud totalling $652,500. Mr Gordon was sentenced to six years imprisonment with eligibility for parole after one and a half years. Mr Gordon was a director and financial adviser of his financial...

The Federal Court has ordered that Ascent Investment and Coaching Pty Ltd (Ascent) be wound up on just and equitable grounds, together with the managed investment scheme operated by Ascent. The orders follow freezing orders obtained by ASIC against Ascent and its director, Michael Dunjey, in December 2021 (21-352MR) and ASIC’s application to wind up...