OFST 2022

Following the dismissal of three motions brought by the applicants, the parties consented to a costs order.

The Financial Services Tribunal ordered the applicants to pay $2,000 in costs to the respondent within 60 days.

The Applicants filed a Request for Hearing regarding a Notice of Proposal to impose a compliance order and administrative penalties.

After failing to attend a scheduled pre-hearing conference and indicating an unwillingness to continue participating, the Tribunal issued a Notice of Intention to Dismiss.

The Applicants failed to provide written submissions showing reasonable cause for their non-attendance.

Consequently, the Tribunal dismissed the Request for Hearing pursuant to section 4.6 of the Statutory Powers Procedure Act and Rule 35.01 of the Tribunal's Rules of Practice and Procedure.

The Applicant requested a review or variance of a pre-hearing conference order to allow for the late filing of reply submissions on a motion regarding jurisdiction.

The Applicant had missed multiple extended deadlines and failed to attend the pre-hearing conference where the order was made.

The Tribunal dismissed the request, finding that the public interest in the finality of decisions and the need to maintain the integrity of Tribunal orders outweighed any prejudice to the Applicant.