Ex-PwC Partner at Heart of Australia Scandal Gets Eight-Year Ban

  • ASIC says Peter Collins not ‘fit and proper’ for finance role
  • Collins was at the center of PwC’s tax scandal in Australia
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Former PwC Australia partner Peter Collins was banned by Australia’s markets regulator from providing financial services for eight years.

Collins is “not a fit and proper person to provide financial services” and it is in the public interest for him to be barred from working in the sector, the Australian Securities and Investments Commission said in a statement Friday.