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Trauma Insurance:
An insurance that pays a lump-sum amount on the diagnosis of one of several critical illnesses or events

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    Insurance News

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    Insurance Articles

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    Insurance has often been considered by many as a necessary evil. But for the majority of people, insurance offers real security, peace of mind and forms a fundamental platform for a more certain financial future. Understanding the basics of insurance and how it works will be enlightening for many. - read more
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    Protecting business investment with insurance is a critical part of every sensible business owner's business plan. Insurance protects businesses from unexpected financial risks due to natural disasters, accidents, liabilities and losses, which may run in to thousands. - read more

     

     
    Professional Indemnity Australia :: News

    Professional Indemnity Australia News

    NSW Adviser Convicted

    Source: IFA: 18 Dec 2021

    ASIC has convicetd a former Financial Adviser of managing a corporation while disqualified in a NSW court earlier this week.

    Already banned permanently from providing financial services ... and previously subject to a 25 year disqualification from managing corporations, Melinda Scott, was conditionally released on a two-year bond with a $1,000 recognisance after appearing in Downing Centre Local Court.

    It was alleged by ASIC that Ms Scott incorporated Driven By Results and acted as sole director, shareholder and employer between August 2019 and about February 2021, .

    ASIC alleges that Ms Scott opened and operated three bank accounts under Driven By Results as the sole signatory and conducted business as a chauffeur driver.

    Managing a corporation while disqualified carries a penalty of up to five years imprisonment and/or a fine of 600 penalty units.

     

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