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ASIC roundup: TPD insurance claims failures, and A$187,800 penalty for not lodging reports

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

3 min read
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The Australian Securities & Investments Commission’s latest actions and news, November 11 – 15, 2024.

Ex Director and CEO found guilty of dishonest conduct – November 14, 2024

Lyndon Allen Kingston, former Director and CEO of Bananacoast Community Credit Union Limited (BCU), has been found guilty of dishonest conduct on:

  • two counts of dishonestly using his position with the intention of gaining an advantage; and
  • two counts of
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