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7 August 06 Jennifer Martine Sisson CA of Queensland
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Jennifer Martine Sisson CA of Queensland 
 
7 August 2006 
 
The Appeal Tribunal heard an appeal against the determinations and sanctions imposed by the Professional Conduct Tribunal on 12 April 2006. The Professional Conduct Tribunal had found a case established that Ms Sisson was liable to disciplinary action in accordance with: 
 
1. By-law 40(e), in that on 17 June 2005 in the Federal Court of Australia, Justice Graham ordered that she repay, by her insurer:

    a) $392,081.66 in investors funds collected by her firm in breach of an enforceable undertaking entered into in February 2000; 
     
    (b) $50,000 to the Australian Securities & Investment Commission (ASIC); and 
     
    (c) to the Commonwealth the realisations charge imposed by the Bankruptcy (Estate Charges) Act 1997.
2. By-law 40(j), in that on 17 June 2005, following concerns by ASIC that there had been breaches of an enforceable undertaking entered into in February 2000, she entered into an enforceable undertaking with ASIC, in which she agreed not to provide either directly or indirectly, financial product advice, deal in financial products or operate a registered scheme for a period of five years. 
 
3. By-law 40(h), in that on 18 May 2005 she became a bankrupt. 
 
The decisions of the Appeal Tribunal were: 
 
1. to affirm the determination of the Professional Conduct Tribunal that the allegations had been established; 
 
2. to vary the decision of the Professional Conduct Tribunal that Ms Sisson be excluded from membership to a decision that her membership be cancelled for a period of three years or for the period of her bankruptcy, whichever is the shorter; 
 
3. that she be required to pay $600 plus GST towards the costs of the appeal proceedings.