On 30 March 2020, Mr Anthony Vivian Dick, a former financial adviser based in Townsville pleaded guilty to eleven counts of dishonestly applying to his own use, property belonging to another, contrary to section 408C(1)(a) of the Criminal Code Act 1899 (Queensland).

ASIC alleged that between March 2006 and December 2017, Mr Dick accessed and transferred around $1.1 million from his clients’ superannuation, pension and personal savings accounts. It was further alleged that Mr Dick used his clients’ savings to fund his personal lifestyle expenses (20-042MR).

The charges carry various maximum penalties of between ten to fourteen years’ imprisonment.

Mr Dick’s next appearance will be at the Townsville District Court, on a date yet to be set. ASIC notes Mr Dick’s cooperation with ASIC’s investigation and early guilty plea.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

Editor's note:

On 31 July 2020, the indictment against Mr Dick was presented at the Townsville District Court.

The sentencing hearing has been set down for 2 October 2020.