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Showing 61 - 70 of 287 results for "Australian Financial Services Licence"

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... issues with home referrals for SMSFs are not new. Last year the firm was forced to forego its Australian financial services licence after ASIC said it was concerned about the its ability to "do all things necessary to ensure the advice provided by its ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... the price of trading in, shares. ASIC found Cornford provided a financial service when the Australian financial services licence of Kaz Capital did not cover the provision of the service. ASIC imposed licence conditions on Kaz Capital in January this ...

ASIC suspends advice group AFSL

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
ASIC has suspended the Australian financial services licence of a Sydney-based financial advice group. Australasia Wealth Services and Management failed to obtain membership of the Australian Financial Complaints Authority (AFCA), therefore breaching ...

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... implementing responses to the recommendations. As a result of the report, ASIC has updated Morgans' Australian financial services licence conditions.

ASIC releases AFSL approval data

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period. Latest statistics from ASIC show that of the 758 approvals, 303 comprised ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate with AFCA in its resolution of particular disputes ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... planning advice," he said. Trapnell has long advocated for licensees to be hold a specialist Australian Financial Services Licence (AFSL) to deal in financial planning advice and/or life insurance. A licensee could then choose to hold one or, as Synchron ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... accounts. WSAL and BTFM are only permitted to provide general advice under their respective Australian Financial Services Licence (AFSL). The judge said each of the 15 phone calls to customers provided general advice "because the callers did not consider ...

ASIC strips Melbourne firm of AFSL

KANIKA SOOD  |  MONDAY, 3 DEC 2018
... with the proviso customers implement financial advice from the firm. Financial Circle's Australian financial services licence and Australian credit licenses were cancelled on November 19, ASIC said recently in a release. Financial Circle offered personal ...

ASIC and Austplan agree to mutual breakup

DARREN SNYDER  |  FRIDAY, 26 OCT 2018
Austplan will lose its Australian financial services licence in November following ASIC surveillance which found deficiencies in the establishment of self-managed superannuation funds and client referrals. ASIC will cancel Austplan's AFSL effective ...