Ross Tarrant

Member’s name: Mr Ross Tarrant
Date of Hearing: 20 August 2015
Division: New South Wales
Tribunal: Disciplinary Tribunal

On 20 August 2015, the Disciplinary Tribunal found Mr (Mervyn) Ross Tarrant breached Article 39(a)(ii)F of the Constitution, in that he had been the subject of an adverse finding in respect of a decision of a delegate of the Australian Securities & Investment Commission (ASIC) dated 25 November 2011, which prohibited Mr Tarrant from providing financial services for seven years, until 28 November 2018 (Banning Order),

• which was not overturned on appeal by the Administrative Appeals Tribunal in Tarrant and ASIC [2013] AATA 926 (20 December 2013), and
• in respect of which Mr Tarrant was unsuccessful on appeal to the Full Court of the Federal Court of Australia in Tarrant v ASIC [2015] FCAFC 8 (6 February 2015).

Mr Tarrant attended the Disciplinary Tribunal Hearing and admitted the Complaint.

Penalty and costs 

The Disciplinary Tribunal found the Complaint sustained and imposed the penalty of forfeiture of Membership for the earlier of 28 November 2018, or until such time as ASIC revokes the Banning Order.

Mr Tarrant was ordered to pay CPA Australia’s costs of $1,162.33.