Louise Macaulay, senior executive responsible for financial advisers at the Australian Securities and Investments Commission (ASIC), is being questioned over ASIC’s reluctance to use its powers to punish rogue financial advisers, revealing that the regulator had criminally prosecuted just one holder of an Australian Financial Services Licence in the past 10 years and had launched civil action against a licencee just six times. Recorded on 27 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Sam Henderson, a celebrity financial planner who also hosted a show on Sky, appeared on The Project, and regularly wrote for Fairfax and Money Matters, is being questioned over bad advice issued by his firm Henderson Maxwell, his staff repeatedly impersonating clients, him asking that an investigation be kept secret due to his media profile, and allegedly threatening the Financial Planning Association of Australia. Recorded on 24 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Dante De Gori, the CEO of the Financial Planning Association of Australia (FPA), is being questioned over a number of instances when his organisation kept its members names confidential despite a finding they had breached the FPA’s standards or policies. Recorded on 26 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Donna McKenna, a FairWork commissioner, gives evidence on how the advice she received from celebrity financial planner Sam Henderson would have cost her about A$500,000 in lost superannuation if she had followed it. Recorded on 24 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Kieran Forde, Head of Wealth Solutions & Partnerships at Australia and New Zealand Banking Group (ANZ), is being questioned over a financial adviser working for ANZ’s Millenium3 who convinced clients to invest in property but used their money through his own company to purchase the property. Recorded on 24 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Marianne Perkovic, executive general manager of Commonwealth Private, is being questioned about customers being charged fees for advice they did not receive. Recorded on 18 and 19 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Philip Kewin, the CEO of the Association of Financial Advisers (AFA), is being questioned over how the AFA and its competing professional body the Financial Planning Association of Australia (FPA) can achieve the same outcome. Recorded on 26 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Jacqueline McDowall, a nurse planning for retirement with her husband, gives evidence on how the advice of a Westpac financial planner resulted in her losing her family home and ending up with a reduced superannuation balance. Recorded on 19 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Clive van Horen, general manager of retail products at Commonwealth Bank of Australia (CBA), is being questioned on credit card insurance being sold by CBA to people who couldn’t claim because they didn’t have a job, including those on unemployment benefits, pensioners and students. Recorded on 19 and 20 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Linda Elkins, Executive General Manager of Commonwealth Bank’s wealth management arm Colonial First State, is being questioned about customers being charged fees for advice they did not receive, including dead clients. Recorded on 18 April 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Daniel Huggins, executive general manager of home buying at Commonwealth Bank of Australia (CBA) is being questioned over the bank’s reliance on mortgage brokers, the controls in place to prevent and detect fraud and the implications of paying commissions based on loan size, including trailing commissions. Recorded on 15 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Lynda Harris, general manager of people and culture at Aussie Home Loans (fully owned subsidiary of Commonwealth Bank), is being questioned on how Aussie deals with its mortgage brokers who commit fraud. Recorded on 15 and 16 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.