PROFESSIONAL CONDUCT TRIBUNAL 
 
24 April 2007 
 
John Stanbridge CA of New South Wales 
 
On his own admission the Tribunal found a case established that Mr Stanbridge was liable to disciplinary action in accordance with By-law 40(e), in that on 24 October 2006 a delegate of the Australian Prudential Regulation Authority, being satisfied that Mr Stanbridge was not a fit and proper person to be or to act as a director or senior manager of a general insurer (other than a foreign general insurer), or a senior manager, or agent in Australia for the purpose of section 118 of the Insurance Act 1973 (the Act), of a foreign general insurer, or a director or senior manager of an authorised NOHC, disqualified him pursuant to subsection 25A(1) of the Act. 
 
The decision of the Tribunal was that Mr Stanbridge’s membership of the Institute be cancelled for a period of five years and that he be required to pay $450 plus GST towards the costs of the disciplinary action. The reason for the Tribunal’s decision was that Mr Stanbridge had failed to meet the ethical requirements of a member in commerce in responding fully to questions put to him by the auditors of his employer.