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Showing 91 - 100 of 979 results for "AFSL"

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... of their obligations under the Corporations Act to do all things necessary to ensure that financial services covered by an AFSL are provided efficiently, honestly and fairly; have in place adequate arrangements for the management of conflicts of interest ...

Former ASIC supervisor joins crypto platform as operating chief

MATTHEW WAI  |  MONDAY, 1 DEC 2025
... platforms distributing digital assets falling under the classification of financial products will be required to apply for an AFSL. ASIC has granted a sector-wide no-action position until 30 June 2026 but urged those entities to act promptly to avoid ...

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
ASIC has suspended the AFSL of Focused Financial Advice (FFA) until December 19, which has operated for more than two years without a key person. FFA was established in 2003 and provides financial services around superannuation, life insurance, retirement ...

FAAA's Advice Academy launches

KARREN VERGARA  |  FRIDAY, 28 NOV 2025
... and Striver. FAAA chief executive Sarah Abood said the academy assists PY candidates and their supervisors, employers and AFSL holders through a comprehensive one-stop shop service which responds to the need for centralised, trusted support and information. ...

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
... service leave funds - or employee entitlement schemes - will be required to apply for an Australian financial services licence (AFSL) and comply with some managed investment provisions of the Corporations Act. Following Consultation Paper 384 Employee ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... financial services laws over delayed lodgement, commanding it to appoint a consultant to review the business. LTT was granted an AFSL in January 2010, enabling the business to provide financial product advice about derivatives, foreign exchange contracts ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... MTIS Wealth Management and Investment Strategists Accounting Services. CPW and MTIS operate under the Clime Advice's AFSL. Last October, Clime acquired an additional 20% interest in James Street Wealth to own 50% of it. James Street Wealth, which ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... proprietary company on both registers. Commenting, ASIC deputy chair Sarah Court warned Australian financial services licence (AFSL) holders that it is sternly cracking down on reporting failures. "It is important that AFS licensees lodge timely reports ...

Advisers may be caught by new AML/CTF reforms: Expert

MATTHEW WAI  |  FRIDAY, 21 NOV 2025
... According to the AML/CTF Act, a financial adviser or an authorised representative of an Australian financial services licence (AFSL) is providing an item 54 designated service, which requires the service provider to comply with only some of the AML/CTF ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Sequoia Financial Group's chair has told shareholders that "good governance remains central" to how it operates and confirmed it is in talks with Netwealth and Macquarie over their decision to bar InterPrac advisers. Addressing its annual general ...