A Queensland man has appeared in the Southport Magistrates Court facing eight charges of fraud relating to the early release of superannuation.
The Australian Securities and Investments Commission (ASIC) said that Chad Timmins of the Gold Coast had been committed to stand trial in the District Court on eight counts of fraud on charges relating to the early release of preserved superannuation and dishonestly applying other people’s property to his own use.
ASIC has alleged that Timmins, operating under the name CTS Fund Management, gave superannuation investment advice and promoted a facility through which the early release of preserved superannuation benefits could be arranged.
Timmins did not enter a plea and was remanded on bail.
