On 4 November 2021, the Administrative Appeals Tribunal (Tribunal) varied ASIC’s decision to ban Ms Lisa Lee from providing financial services (21-096MR).

In January 2021, ASIC banned Ms Lee from providing financial services for eight years. Ms Lee appealed ASIC’s decision to the Tribunal.

The Tribunal considered that a ban for a period of six years from providing financial services was an appropriate regulatory response.

The full decision is available via the website of the Administrative Appeals Tribunal.