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Showing 101 - 110 of 935 results for "AFSL"

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... which comprises most of the sector, will pay $39.3 million. This is based on 2680 AFSLs with 15,233 advisers. In essence, an AFSL will pay the minimum levy of $1500 plus $2314 for every adviser on their books. Those that provide general advice only will ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... chance." Between March 2019 and April 2023, he was found to have been involved in five companies: State Advice, Ansa Finance, AFSL Group, About Advice, and Advice Now. All the companies were operating a similar model to that of the business Fuoco was ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
ASIC has provided AFSLs new reliefs to help them manage the reportable situations regime, which includes extending the length of investigations reportable from 30 days to 60 days. Also in the relief, ASIC is exempting the reporting of certain breaches ...

4600 relevant providers yet to meet qualification standards: ASIC

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
More than 4600 relevant providers have yet to meet qualification standards, according to ASIC, and have only six months to meet the deadline. An ASIC spot check of the 15,610 relevant providers listed in the Financial Advisers Register found that 6426 ...

ASIC calls on AFS licensees to 'step up'

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
The Australian Securities and Investments Commission (ASIC) has issued a warning about share sale fraud after a spike in reports of stolen shares due to identify theft. ASIC said it has conducted an industry review and provided updated guidance for ...

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... ASIC has on several occasions announced the cancellation of AFSLs because of the payment of a claim with respect to that AFSL by the CSLR. "Very little additional detail is made available, which is a suboptimal outcome. We believe that greater awareness ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
ASIC has cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... Australia, Canada, the UK and US. ASIC has imposed new licence conditions on Kalkine's Australian financial services licence (AFSL) to ensure compliance with its obligations as an AFS licensee. "These conditions require Kalkine to engage a consultant ...

ASIC streamlines AFSL applications

JAMIE WILLIAMSON  |  MONDAY, 5 MAY 2025
The regulator launched a new digital portal for Australian financial services licence (AFSL) applications. From today, those wishing to gain an AFSL can use ASIC's new portal, integrated with the ASIC Regulatory Portal. It has a new interface and method ...

Adviser numbers jump in March quarter: Rainmaker

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... to the latest Rainmaker Financial Adviser report. During the year to March, 1274 financial advisers registered with a new AFSL. The five AFSLs that attracted the most advisers were Alliance Wealth, InterPrac, Lifespan Financial Planning, Synchron Advice ...