14 February 2022

Appointments – part-time members Financial Services and Credit Panel

The Morrison Government has appointed thirty‑one candidates as part‑time members of the Financial Services and Credit Panel (FSCP).

The Financial Sector Reform (Hayne Royal Commission Response – Better Advice) Act 2021 establishes the FSCP within the Australian Securities and Investments Commission (ASIC) as the single disciplinary body for financial advisers from 1 January 2022. ASIC will be responsible for convening individual panels to consider disciplinary matters. Each panel must consist of a Chair (an ASIC staff member) and at least two other members, which ASIC must select from a list of eligible persons appointed by the Minister.

The candidates bring with them a range of knowledge and 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 newly appointed members are:

Ms Shabnam Amirbeaggi, Ms Debra Anderson, Ms Julie‑Anne Berry, Ms Gabrielle Bouffler, Ms Kathryn Brown, Ms Donna Caird, Mr Ian Chambers, Mr James Cotis, Mr Donald Crellin, Mr Gary Croker, Mr Bruce Debenham, Mr Hamish Dee, Mr Gary Deegan, Dr Jennifer Diggle, Mr Bradley Fox, Mr David Giovanelli, Mr William Hamilton, Ms Katherine Hayes, Mr Nicholas Hilton, Mr Ross Illingworth, Mr Chris MacEachern, Mr David Murray, Mrs Melissa Nolan, Mr Peter Richards, Ms Samantha Robinson, Mr Kevin Smith, Mr Craig Stephens, Ms Judith Sullivan, Mr Gary Toomey, Mrs Lauren Walker, and Mr Matthew Wigzell.

The members of the FSCP have been appointed following consultation with industry to ensure the membership has industry knowledge and experience. Financial advisers’ misconduct will therefore be assessed and sanctioned by their peers, driving further improvements in the industry. Further information on the FSCP will be available on the ASIC website.

The Morrison Government congratulates all members on their appointment.