Former broker makes undertakings
06 May 2003
Hedley Goodridge Insurance Agencies Director Robert Ridley has given undertakings to ASIC following concerns that the company operated as a general insurance broker…
Regulatory & Government
AMP super agent to stand trial
06 May 2003
Former AMP superannuation agent Harold Moses will stand trial in the Sydney District Court on Friday on six charges of fraud, including accepting $334,000 of employer…
Arrested ‘adviser’ has a record, says ASIC
29 April 2003
A Dutch immigrant whom ASIC says is wanted in Canada on 53 counts of fraud and theft involving $10.8 million has been arrested in Hobart and sent to Cairns to face charges…
APRA’s nervous response to HIH findings
23 April 2003
APRA doesn’t come out of the HIH Royal Commission report with much reputation left, but don’t expect big changes at the regulator…
Take care with R&G business, says APRA
23 April 2003
The latest in the ongoing sage of Rural & General International Insurance…
ASIC provides relief on up-to-date information in PDSs
15 April 2003
ASIC has issued a new class order exemption relating to section 1012J of the Corporations Act 2001, which will go some way to saving the forests…
Tasmanian agent goes to jail
08 April 2003
Peter Neilson, a former Director of Launceston insurance agency PR Consultants Pty Ltd, has been sentenced to 15 months’ jail for receiving insurance premiums…
ASIC updates FSR regulations
08 April 2003
Keeping you on your toes department…
Financial adviser sent funds overseas
08 April 2003
Nobody could be hooked by that old Nigerian letter scam, could they…?
Rural & General Brokers ordered to remove material
01 April 2003
ASIC has obtained orders in the Federal Court in Sydney forcing Rural & General Insurance Broking Pty Limited to remove “misleading and deceptive” material from its website…
Broker to be wound up
01 April 2003
The NSW Supreme Court has appointed a liquidator to wind up the affairs of Sydney insurance broker Blundell & Associates…
ASIC releases changes to AFS licensing
01 April 2003
ASIC has reissued the document Pro Forma 209, which highlights the changes made to Policy Statements 166 and 146…
AMP cuts its losses and pays for education
01 April 2003
AMP won’t be giving analysts privileged access for briefings in future – its agreement last week to fund a $100,000 education program has seen to that…
Untrustworthy trustees threaten super, says APRA
01 April 2003
Fresh from shrugging off arguments that the Government’s proposed “choice” plan for superannuation will harm the industry, APRA says the real threat to the super industry…
Before HIH: Owen’s career in the law
25 March 2003
Justice Neville Owen is hunkered down somewhere putting the final touches to a report that may change the way the Australian insurance industry operates and is regulated…
Advisers face up to ASIC action
25 March 2003
ASIC has taken action against two South Australians who have been accused of irregularities in their dealings with customers…
APRA accepts enforceable undertaking
25 March 2003
APRA has accepted an enforceable undertaking from Strategic Capital Superannuation Services, a Perth-based trustee of Strategic Capital Superannuation Fund…
FSRA dollar-chasers
18 March 2003
With less than 12 months until the FSRA is up and running, insurers and brokers are so concerned about completing so-called “wordy” licensing agreements…
Majority of providers yet to apply for licence
18 March 2003
With less than 12 months until the FSRA comes into play, more than three-quarters of Australia’s financial service providers haven’t even thought about applying for licences…
Now that we have your attention – ASIC speaks
11 March 2003
Ian Johnston, ASIC’s Executive Director of Financial Services Regulation, says the recent “ASIC Speaks” seminars around Australia were a big success, raising broker awareness…