Tuesday, 8 January 2008

ASIC bans WA financial adviser

as posted on TheAge

The Australian Securities and Investments Commission (ASIC) has banned Edward William Eikelboom of Maddington in Western Australia from providing financial services for three years.

An ASIC investigation found that in 2002 and 2003, Mr Eikelboom provided inappropriate advice to clients about investing in products of the now-collapsed Westpoint property group.

Mr Eikelboom provided financial planning services through Brighton Hall Securities Pty Ltd, which is now in liquidation, between November 2001 and September 2003.

He also provided such services to EAS (WA) Pty Ltd between September 2003 and May 2006.

Mr Eikelboom has the right to lodge an application with the Administrative Appeals Tribunal for a review of its decision.

ASIC said seven banning briefs relating to advisers who advised on Westpoint products are currently under consideration.

So far, 10 advisers who advised on Westpoint products have been banned.

as posted on TheAge

Funding boost for at home care services

as posted on TheWest

At home care services have received a $13 million funding boost from the State Government, bringing the amount spent to support elderly and disabled people in WA to $166 million.

Health Minister Jim McGinty said the nine per cent funding increase reflects the growing demand for Home and Community Care (HACC) programs in WA’s aging community.

Mr McGinty said HACC programs can mean the difference between elderly and disabled people living at home or in a residential care facility.

“It’s much better for the individual and the community as a whole if people can be supported to live in their own home for as long as possible,” Mr McGinty said.

HACC programs are jointly funded by the Commonwealth and the State, and its operations include personal and respite care, home support, meals on wheels, home maintenance and counselling and advocacy services.

Several metropolitan groups will receive additional funding.

Gosnells Community Support Services will receive an extra $200,633, including $154,286 to expand services of domestic assistance, client assessment and transport services and a one-off grant of $46,347 to buy a new bus. The extra money takes its annual funding to $1.3million.

Southern Districts Support Association are promised an additional $382,740 including $224,261 to expand services in centre-based day care, transport services, domestic assistance and social support and a one-off grant of $158,479 to buy two new buses. The extra cash takes its annual funding to $1.3million.

The Volunteer Task Force will receive an extra $1,127,893, including $1,081,676 to expand north metropolitan services in home maintenance, assessment and transport services and a one-off grant of $46,217 to buy a new van, trailer and gardening equipment. All up the task force will receive $2million.

Perth Home Care Services have been allocated an additional $184,461 to expand east metropolitan services in social support, domestic assistance, respite and personal care and client care co-ordination. Perth Home Care Services all up funding will now be $1.5million.

BELLE TAYLOR

as posted on TheWest

Motorist charged with reversing over speed camera

as posted on ABCnews

A 35-year-old man has been charged with reversing over a speed camera in the Perth suburb of Guildford.

It is alleged the man's car swerved onto the wrong side of Great Eastern Highway on Christmas Eve, hit another car and a fence before he reversed hitting a lamp post and the multanova.

Police say the driver got out and ran off on foot.

The man, from Gosnells, was arrested yesterday and charged with offences including criminal damage, reckless driving and failing to stop at a crash.

He is due to appear in the Midland Magistrates Court later this month.

as posted on ABCnews