Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ASIC Action Against Melbourne Financial Adviser

ASIC Takes Action Against Melbourne Financial Adviser And Associated Companies - The Law Jobs and Legal NewsWire: The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court of Australia seeking the winding up of a number of companies associated with financial adviser, Mr Ian Bristow.

ASIC is also seeking the appointment of a provisional liquidator to Pty Ltd (Salarypackaging), Earning Pty Ltd and Retirement Services Pty Ltd, in addition to the winding up of what ASIC alleges to be various unregistered managed investment schemes that were required to be registered.

ASIC alleges, amongst other things, that from September 2003 Salarypackaging offered clients of Money Matters Financial Solutions Pty Ltd (in liquidation) (Money Matters) the opportunity to invest in an unregistered managed investment scheme so minimum investment thresholds for a number of financial products in Westpoint mezzanine companies and other investments could be met.

ASIC is also seeking declarations that Mr Ian Bristow, Mr Mathew Bristow and Ms Robyn Bristow operated unregistered managed investment schemes in breach of the Corporations Act and orders that they be disqualified from managing a corporation.
ASIC’s application is scheduled for first hearing by the Federal Court on 5 February 2008.


Money Matters formerly held an Australian financial services (AFS) licence and Ian Bristow was the authorised representative under the licence.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>


  • Bill Bennett on Tech