Sydney businessman Andrew Sigalla charged with breaches of directors duties Sydney businessman Andrew Sigalla faced Central Local Court today charged with dishonestly using his position as a director by making more than $6 million in payments to himself to pay off gambling debts and to make loan repayments on behalf of private companies he controlled. 13-108MR. 16 May
ASIC shuts down China Environment Group share scam China Environment Group Limited (CEG), a company incorporated in the British Virgin Islands, and its sole director, Mr John William Ullmann, have consented to Federal Court orders preventing them from selling shares and providing financial services in Australia. 13-107MR. 16 May
ASIC cancels Money Choice's licence and bans its director, Matthew George ASIC has cancelled the credit licence of Money Choice Pty Ltd (Money Choice) and banned its director, Matthew George, after an investigation found failures to comply with credit laws, responsible lending shortfalls and instances of unlicensed SMSF advice. 13-106MR. 15 May
Statement on Westpoint action We have provided an update on its proceedings against former Westpoint officers Norman Carey and Graeme Rundle. 13-105MR. 14 May
Former ABC Learning CFO charged The former chief financial officer of ABC Learning Centres Limited (ABC), James Black, appeared in the Brisbane Magistrates Court today charged with three counts of authorising false or misleading information. 13-104MR. 10 May
ASIC updates guidance for new hardship obligations ASIC has updated Information Sheet 105 Dealing with consumers and credit to assist industry meet new hardship obligations under the National Credit Act. 13-103MR. 9 May
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