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Showing 131 - 140 of 354 results for "Australian Financial Services licence"

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... implementing responses to the recommendations. As a result of the report, ASIC has updated Morgans' Australian financial services licence conditions.

ASIC releases AFSL approval data

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
Of the 1728 new Australian Financial Services Licence applications ASIC considered last financial year, 758 were approved. Close to 200 AFSLs were cancelled in the same period. Latest statistics from ASIC show that of the 758 approvals, 303 comprised ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... timeframe is reduced to two years." In his final report Commissioner Hayne recommended that Australian financial services licence (AFSL) holders should be obliged to take reasonable steps to co-operate with AFCA in its resolution of particular disputes ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... planning advice," he said. Trapnell has long advocated for licensees to be hold a specialist Australian Financial Services Licence (AFSL) to deal in financial planning advice and/or life insurance. A licensee could then choose to hold one or, as Synchron ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... accounts. WSAL and BTFM are only permitted to provide general advice under their respective Australian Financial Services Licence (AFSL). The judge said each of the 15 phone calls to customers provided general advice "because the callers did not consider ...

ASIC strips Melbourne firm of AFSL

KANIKA SOOD  |  MONDAY, 3 DEC 2018
... with the proviso customers implement financial advice from the firm. Financial Circle's Australian financial services licence and Australian credit licenses were cancelled on November 19, ASIC said recently in a release. Financial Circle offered personal ...

ASIC and Austplan agree to mutual breakup

DARREN SNYDER  |  FRIDAY, 26 OCT 2018
Austplan will lose its Australian financial services licence in November following ASIC surveillance which found deficiencies in the establishment of self-managed superannuation funds and client referrals. ASIC will cancel Austplan's AFSL effective ...

CCIV draws mixed reception: Research

KARREN VERGARA  |  THURSDAY, 23 AUG 2018
... a CCIV if it is limited by shares and operated by a single corporate director; holds an Australian financial services licence; does not have any officers or employees other than the corporate director; operates at least one sub-fund at all times; and ...

Government opens consultation for amended CCIV regime

ALEX BURKE  |  THURSDAY, 14 JUN 2018
... a CCIV if it is limited by shares and operated by a single corporate director; holds an Australian financial services licence; does not have any officers or employees other than the corporate director; operates at least one sub-fund at all times; and ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... "financial advice". If trustees are providing financial advice, they will need to hold an Australian Financial Services Licence (AFSL). A 100% allocation to an account-based pension (ABP) would not meet the definition of a Comprehensive Income Product ...