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Showing 111 - 120 of 142 results for "AFS Licence"

ASIC releases FOFA guidance plan

ELISE BURGESS  |  TUESDAY, 13 DEC 2011
... Administrative action against financial services providers (RG 98) to reflect our expanded powers to cancel or suspend an AFS licence and ban representatives." The regulator also said it may release regulatory guidance on FOFA's anti-avoidance provisions. ...

ASIC cancels two financial services licences

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
... information. Fuoco has already been banned from providing financial services for five years. "The action to cancel FPIP's AFS licence is part of ASIC's focus to improve the standards of gatekeepers, specifically the obligations of financial services ...

ASIC bans authorised representative of Romad Financial Services

CLAIRE MCGREAL  |  TUESDAY, 8 NOV 2011
... financial services business by issuing interests in two unregistered managed investment schemes without holding an AFS licence or being authorised under RFS's AFS licence or any other AFS licensee, to issue interests in managed investment schemes. It ...

ASIC annual report highlights industry trends

ELISE BURGESS  |  MONDAY, 31 OCT 2011
... financial services (AFS) licence applications for margin lending facilities financial product authorisations (for existing AFS licence holders) and licenced over 6,000 people or businesses under the national consumer credit regime. During the same period ...

AAT grants stay for AFSL cancellation decision

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
... after the Australian Securities and Investments Commission (ASIC) cancelled its Australian financial services licence (AFS licence) on October 19 for not complying with financial services laws. Romad requested AAT review ASIC's decision until the determination ...

WA adviser receives jail sentence and reparations

RACHEL DAVIS  |  MONDAY, 5 SEP 2011
... materialised. On 19 May 2009, ASIC permanently banned Goldenberg from providing financial services and cancelled the AFS licence of CWM. ASIC subsequently disqualified Goldenberg from managing corporations for five years. In June 2011, Goldenberg pleaded ...

Opus licence decision overturned

RACHEL DAVIS  |  FRIDAY, 2 SEP 2011
... 31 August 2011 that the AAT had erred in its opinion of tangible assets that comply with the NTA requirement of the AFS licence held by Opus. 'The Federal Court's decision reinforces the integrity of the financial requirements for AFS licensees that ...

ASIC forces iPlan to hire compliance expert

MATT WOODINGTON  |  THURSDAY, 9 JUN 2011
... implement. iPlan will reimburse affected clients with a sum calculated by the expert. The new conditions to iPlan's AFS licence were effective May 12 2011.

ASIC strikes back in Opus dispute

JOHN MCDULING  |  FRIDAY, 22 OCT 2010
... asset and could therefore be included for the purposed of complying with the Net Tangible Asset requirement of the AFS licence" Opus Capital is the responsible entity for 14 unlisted property funds. At the end of the March quarter, the company had almost ...

Director charged in Westpoint case

ASIC RELEASE  |  MONDAY, 29 MAR 2010
... Lancer Group carried on a financial services business and dealt in Westpoint promissory notes while not holding an AFS licence as required under the Corporations Act. A total of fifty investors invested more than $3.5 million through the Lancer Group. ...