A NSW woman has been charged with dishonestly obtaining money from SMSFs and dealing with proceeds of crime, ASIC has said.
In a statement, the regulator said Sarah Busteed has been charged with three counts of dishonestly obtaining a financial advantage by deception and one count of dealing with more than $100,000 that were the proceeds of crime.
Ms Busteed was charged after ASIC held an investigation into her conduct in dealing with members of SMSFs, which were undertaking property purchases.
ASIC alleges Ms Busteed dishonestly obtained monies from those SMSFs and, separately, dealt with monies obtained from an SMSF believed to be proceeds of crime.
Ms Busteed was not required to enter a plea and was granted conditional bail. The matter is listed for return at the Downing Centre Local Court on 12 April. The Commonwealth Director of Public Prosecutions is prosecuting these matters.
Ms Busteed has also been charged with various other offences involving dishonestly obtaining financial advantage by NSW Police and those matters are being prosecuted by the NSW Director of Public Prosecutions.