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Showing 231 - 240 of 381 results for "Australian Financial Services licence"

Accountant pays $10,000 fine for $100,000 fraud

LAURA MILLAN  |  FRIDAY, 3 OCT 2014
... inducing the investor to deliver $100,000 to his company, Andean Securities. Lim held an Australian financial services licence (AFSL) from May 2010 until March 2013, when he voluntarily cancelled it and refunded $100,000 to the investor. The Australian ...

ASIC suspends advice firm for three months

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
... compliance obligations. Protect Ensure, with offices in Brisbane and Sydney, has had its Australian financial services licence (AFSL) suspended from September 23, 2014, to December 19, 2014. Following surveillance, ASIC found that the firm failed to ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... the bank's plans for the compensation process. ASIC has imposed licence conditions to the Australian financial services licence (AFSL) of CFPL and Financial Wisdom. The new conditions will force both businesses to reopen compensation processes for more ...

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... Australian Securities and Investments Commission (ASIC) has imposed licence conditions to the Australian financial services licence (AFSL) of both Commonwealth Bank-owned businesses. The two Commonwealth Bank of Australia (CBA) businesses only implemented ...

ASIC cancels two more AFSL licences

LAURA MILLAN  |  MONDAY, 28 APR 2014
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of a Parramatta insurance broker and of Banksia Mortgages. The Parramatta-based WD Gelle Insurance & Finance Brokers' licence ...

ICAA questions AFSL system, calls for individual licensing

ALICE URIBE  |  TUESDAY, 1 APR 2014
The Institute of Chartered Accountants Australia (ICAA) has said that the current practice of individual financial advisers operating under the Australian Financial Services Licences (AFSLs) of institutions could result in a decline of competition and ...

Count Financial launches its Accountants' Solution

ALICE URIBE  |  THURSDAY, 20 MAR 2014
... exemption with flexible options and means that accounting firms do not need to obtain their own Australian Financial Services Licence. "Not all accountants want to become full financial planners, but going forward they need to be licensed to do what ...

La Trobe mortgage fund gets "Strong" rating

STAFF WRITER  |  WEDNESDAY, 26 FEB 2014
... offering. Australia Ratings is the only credit rating agency in Australia which holds a retail Australian Financial Services Licence (AFSL) issued by the Australian Securities & Investments Commission (ASIC) meaning that it is the only ratings agency ...

Latest Financial Standard issue available on the iPad app

STAFF WRITER  |  MONDAY, 24 FEB 2014
... latest edition of Financial Standard, we look at the pros and cons of setting up your own Australian Financial Services Licence (AFSL). We also investigate the calls from some sectors of the industry to take superannuation out of the modern awards system ...

ASIC concerned about PDS font size, consumer warnings

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... primary document must be at least 9 points, except for the issuer's name, address, ACN, ABN or Australian financial services licence number, which must be at least 8 points. ASIC is also concerned about the fact that "the required warnings were often ...