In the duration from 2003 to 2012, the financial planning branch of Terra Australis Bank (TAB) known as Terra Australis Financial Planning Limited (TAFP) was in a massive fraud. Financial planners at TAFP influenced their client’s money and forged documents to be able to invest in very high-risk investments aiming at earning higher commissions and bonuses because of the performance-based commissions. This practise lead hundreds of Australians to lose their life savings, some of which even amounted in millions. TAFP was also seen help cover up the fraudulent act. Even though there were tipoffs by whistle-blowers inside TAFP, the Australian Securities and Investments Commission (ASIC) was initially criticised for not being fast in their course