Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

www.LawFuel.co.nz - 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 Salarypackaging.com.au 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.

Background

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

ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.