ASIC bans former PwC accomplice for eight years

ASIC has banned former PwC Australia accomplice Peter-John Collins from offering monetary providers or controlling an entity that carries on a monetary providers enterprise for eight years.

Mr Collins was an authorised consultant of Australian monetary providers licensee PricewaterhouseCoopers Securities Restricted from 1 March 2004 to 14 July 2006, and once more from 9 December 2013 to six October 2022.

ASIC discovered that Mr Collins disclosed confidential data he obtained in his roles as a tax advisor to the Commonwealth Treasury and the Australian Board of Taxation. Accordingly, ASIC discovered that Mr Collins is just not a match and correct individual to supply monetary providers and that it was within the public curiosity to stop him from working within the monetary providers business.

Throughout his ban, Mr Collins can not present monetary providers, management an entity that carries on a monetary providers enterprise or carry out any perform concerned within the carrying on of a monetary providers enterprise.

Mr Collins has the best to use to the Administrative Appeals Tribunal for a overview of ASIC’s resolution.