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.