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Showing 1 - 10 of 14 results for "ASFL"

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... culture," ASIC stated. Since ASIC's surveillance, AFSL Group has applied for reinstatement of its AFCA membership. Both QFML and ASFL Group may apply to the Administrative Appeals Tribunal for a review of ASIC's decision.

Austbrokers Life, Australian Unity partner

CASSANDRA BALDINI  |  THURSDAY, 20 OCT 2022
... banking, and health insurance. Austbrokers Life will deliver financial advice under Australian Unity's financial licence (ASFL). Australian Unity Advice general manager Matt Brown said the organisations share values, ensuring a successful partnership. ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
... Sharree Grace Hutchinson from providing financial services for six years, after she was found to have abused her power as an ASFL holder. Specifically, the regulator found that between December 2020 and January 2021, Hutchinson contacted investors in ...

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Melbourne-based BTC Markets has become Australia's first crypto exchange to successfully go through the full AFSL application process, via sister company BTCM Payments. BTC Markets said the AFSL will enable it to further bridge the crypto and traditional ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... on 17 calls. The court also declared CFS failed to do all things necessary to ensure the financial services covered by its ASFL were provided efficiently, honestly and fairly. CFS has agreed to the declarations, and the penalty hearing is set for October ...

Fintechs to merge

ANNABELLE DICKSON  |  WEDNESDAY, 18 NOV 2020
... lower IT costs. Furthermore, the merger brings the operating model of ClickSuper, which includes holding and maintaining an ASFL and a SaaS client support services, allowing InPayTech to sell the Bond platform as a SaaS model. Upon completion, it is ...

ASIC takes action on two AFSLs

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
ASIC has cancelled the ASFLs of two NSW-based financial service providers. Sydney-based financial services provider Squareknot's licence cancellation took effect on 6 May 2020. ASIC said the licence was cancelled after it found that Squareknot did not ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... cancelled the AFSL of a financial services provider and revoked its suspension of a separate AFSL. The regulator revoked the ASFL of NSW-based Tailormade Financial Strategies, effective 9 April 2020. ASIC said it cancelled the AFSL because Tailormade ...

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... adviser, up from $907 per adviser initially indicated in March last year. The regulator will receive around $33 million from ASFL levies, up from the initial $25 million that was anticipated, and around $17.2 million from superannuation trustees, up ...

Concerns over cancelled ASFL complaints

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
ASIC has cancelled the AFSL of KP International Group after the regulator suspended it earlier this year, but concerns remain. ASIC said after the suspension, KP International advised the regulator that all relevant officers of the company had resigned ...
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