Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 1387 results for "Licence"

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... demonstrates the seriousness of this misconduct." ASIC cancelled Equiti Financial Service's Australian financial services licence in November last year.

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... despite a ruling in February of the same year stating that Earner was operating as a managed investment scheme without a licence. On 9 July 2024, Block Earner cross-appealed the Federal Court's decision that it needed an AFSL to offer its Earner ...

Mercer promotes wealth management lead

ELIZABETH FRY  |  THURSDAY, 17 APR 2025
Mercer Pacific has promoted Luke Fitzgerald, its head of wealth management, to partner. In the announcement, Mercer emphasised Fitzgerald's significant role over the past 15 years in expanding the firm's wealth management client base and supporting ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... banned from working in the industry for 10 years. ASIC has since made interim stop orders and cancelled UGC's AFS Licence (AFSL). In cancelling UGC's licence, ASIC required it to remain a member of AFCA until at least May 31. The Federal Court ...

Apex wins $7bn super admin mandate

KARREN VERGARA  |  FRIDAY, 4 APR 2025
... quarter of this year. Diversa is the trustee of several of APRA-regulated superannuation funds via an extended public offer licence. These include retail master trusts, corporate funds including defined benefits, platforms or wraps, pooled superannuation ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... Privacy Affairs, hacked Australian credit card details with a CVV sell for an average of US$23 as of 2023. A NSW driver's licence, meanwhile, fetched about US$40 that year, down from an average price of US$150 in 2022.

iExtend appoints chief operating officer

ELIZA BAVIN  |  WEDNESDAY, 2 APR 2025
... the life insurance startup entered a court enforceable undertaking after ASIC pinged it for possibly operating without a licence, including possibly providing financial product advice. As part of the undertaking, iExtend had to apply for an AFSL.

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
BUSSQ has pulled the plug on its Federal Court appeal for a judicial review of APRA's additional licence conditions, caving to the regulator's edict. At the same time, APRA has tweaked the conditions it slapped on BUSSQ last August, which force ...

ASIC slaps FIIG Securities with lawsuit

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
FIIG Securities will face court over allegations of longstanding cybersecurity failures which saw the private data of more than 18,000 clients stolen and released on the dark web. According to ASIC, FIIG failed to have adequate cyber risk management ...

ASIC bans adviser jailed for supplying drugs

MATTHEW WAI  |  FRIDAY, 7 MAR 2025
... responsible manager of HJ Shortland & Co Wealth Management (HJS) in Alice Springs. HJS had an Australian financial service licence (AFSL) since 2008 until it ceased trading due to Shortland's imprisonment, and its AFSL was suspended in 2022 and then ...