Tag: Administrative Appeals Tribunal

asic bans
May 04, 2017 BY Valentina Kirilova

ASIC disqualifies and bans the former MD of Provident Capital Ltd

On 2 May 2017 the Administrative Appeals Tribunal (AAT) upheld ASIC's decision that Mr Michael Roger O’Sullivan of Sydney be disqualified from managing corporations for five years and from providing financial services for seven years. The AAT qualified the five-year disqualification decision by permitting Mr O'Sullivan to remain as a director of three private companies,…

Read more
December 09, 2016 BY Valentina Kirilova

AAT affirms ASIC's permanent ban of former Get Approved Finance broker

The Administrative Appeals Tribunal (AAT) has affirmed the ASIC decisions to permanently ban former Perth-based finance broker Mr Grant Aaron Parker from engaging in credit activities and providing financial services. In affirming the ASIC decisions, the AAT found that a permanent banning order of Mr Parker was appropriate as he had intentionally misled his clients,…

Read more
October 27, 2016 BY Valentina Kirilova

ASIC refuses an application Clemente Group Holdings Pty Ltd for a derivatives/market maker licence

The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to refuse an application from Clemente Group Holdings Pty Ltd seeking an Australian Financial Services (AFS) licence to provide various financial services, including to make a market in derivatives. In her decision, the AAT’s Senior Member J F Toohey said: In my assessment of the evidence,…

Read more