The GFC hit younger Australians hardest last year, pushing more of them onto government benefits and slowing their wages, a new report shows. (more…)

ASIC has disqualified builder and property developer Anthony Peter Kelly, 53, of Parkville in Melbourne from managing corporations for a maximum period of five years. (more…)

The Administrative Appeals Tribunal (AAT) has upheld ASIC’s decision to disqualify Mr Dudley Quinlivan from managing corporations and has extended the period of his disqualification from three years to five years, the maximum period prescribed for an administrative banning under the Corporations Act 2001 (the Act). (more…)

Mrs Hazel Bernice Bucello yesterday pleaded guilty in the Melbourne County Court to six counts of deception, following an investigation by ASIC. Mrs Bucello was the sole director of loan and mortgage broking business Victorian Finance Broking Services Pty Ltd (VFBS), which was based in Kew, Victoria. (more…)

Mr Hugh Charles Gordon, of Redheads, New South Wales, the former head of Newcastle investment company, Whet Investments Ltd, was sentenced today in the NSW District Court to eighteen months imprisonment to be released after serving eleven months and then entering into a recognizance to be of good behaviour for two years. (more…)