Hay Shire Council general manager’s corporate credit card use ‘shocks’ colleagues – 15 November 2018

by admin | Nov 15, 2018 | News & Analysis

Former Hay Shire Council General manager, Allen Dwyer purchased golf equipment, antiques, toys and groceries and made cash advances using corporate credit card. The audit report criticised “material deficiencies” in the accounting records as a possible...

Almost $1 million paid to scammers since July, says ATO – 15 November 2018

by admin | Nov 15, 2018 | News & Analysis

Australians have reported more than 28,000 ‘scam’ attempts to the Australian Tax Office (ATO), since July 1, and paid almost $1 million to scammers. The ATO said payments through Bitcoin ATMs had overtaken iTunes vouchers as the most common method of scam...

Zero or 261,987. How many times did Westpac breach responsible lending laws? – 14 November 2018

by admin | Nov 14, 2018 | News & Analysis

Article outlines how ASIC and Westpac can’t agree on exactly which loans between Dec 2011 and March 2015 contravened the law, nor even concur on exactly what the law actually required.  Also if charged, will the penalty be similar to the Commonwealth Bank’s $700...

Real estate agent Chris Deutrom, who directed money into own accounts, found guilty of fraud – 14 November 2018

by admin | Nov 14, 2018 | News & Analysis

Chris Deutrom was found guilty on eight charges of obtaining a benefit by deception. He directed $237,000 in advertising rebates into his personal accounts and remanded in custody ahead of sentencing later this month...

Perth financial adviser banned by ASIC after stealing conviction – 14 November 2018

by admin | Nov 14, 2018 | News & Analysis

A Perth financial adviser will never be able to provide financial services or engage in credit activities in Australia again after he was convicted of stealing more than $100,000 from clients superannuation accounts. ASIC may ban anyone convicted of fraud under...