Former AMP super agent Harold Moses has pleaded guilty in the Sydney District Court to one count of defrauding $318,000 from a former client. The Australian Securities and Investments Commission (ASIC) said the 37-year-old Sydneysider collected compulsory super contributions from a client but failed to pass the money on to the relevant funds.

Despite the fact that he had resigned as an AMP agent in June 1994, Mr Moses collected the contributions until 1998, ASIC said. AMP subsequently compensated the client for the losses.

Mr Moses will be sentenced on October 3.