Government appoints FSCP members
The Morrison Government has appointed 31 candidates as part-time members of the Financial Services and Credit Panel (FSCP).
The FSCP was established as part of the Financial Sector Reform (Hayne Royal Commission Response – Better Advice) Act 2021 and falls within the Australian Securities and Investments Commission (ASIC) as the single disciplinary body for financial advisers from 1 January, 2022.
ASIC would be responsible for convening individual panels to consider disciplinary matters with each panel consisting of a chair (an ASIC staff member) and at least two other members. These members must be selected by ASIC from a list of eligible persons appointed by the minister.
The candidates would bring with them a range of experience across the fields of business, administration of companies, financial markets, financial products and financial services, law, economics, accounting, taxation and credit activities and credit services.
The Government said members of the FSCP were appointed following consultation with industry to ensure the membership had industry knowledge and experience.
“Financial advisers’ misconduct will therefore be assessed and sanctioned by their peers, driving further improvements in the industry,” the Government said.
The following people were appointed:
Shabnam Amirbeaggi, Debra Anderson, Julie‑Anne Berry, Gabrielle Bouffler, Kathryn Brown, Donna Caird, Ian Chambers, James Cotis, Donald Crellin, Gary Croker, Bruce Debenham, Hamish Dee, Gary Deegan, Jennifer Diggle, Bradley Fox, David Giovanelli, William Hamilton, Katherine Hayes, Nicholas Hilton, Ross Illingworth, Chris MacEachern, David Murray, Melissa Nolan, Peter Richards, Samantha Robinson, Kevin Smith, Craig Stephens, Judith Sullivan, Gary Toomey, Lauren Walker, and Matthew Wigzell.
AUTHOR
Liam Cormican
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