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Showing 11 - 20 of 1387 results for "Licence"

ASIC moves to strengthen defences against financial scams

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
... licensee, authorised representative or registered company. Consumers can search the PRS using a firm's name, ABN, ACN or AFS licence number and compare website details before investing. ASIC is also encouraging businesses targeted by impersonation scams ...

ASIC secures record $300m penalty over 'egregious' CFD misconduct

VINNY VUCAGO  |  MONDAY, 15 JUN 2026
The Federal Court has imposed record penalties totalling more than $300 million against collapsed contracts for difference (CFD) issuer Union Standard International Group and two of its former authorised representatives. ASIC described the court action ...

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... of Count's restricted advice service, Merit Wealth, which operated under Count's Australian financial services licence (AFSL). As a result, Count no longer has restricted SMSF advisers. Financial Standard has reached out to Count for comment. ...

Otivo launches AI-powered financial advice

MATTHEW WAI  |  THURSDAY, 4 JUN 2026
... Australia's first licensed advice platform on mobile and operates under Otivo's Australian financial services licence (AFSL). It draws on the seven advice modules already available on its web version, Otivo said, delivering personalised advice ...

Centrepoint Alliance acquires two advice firms

KARREN VERGARA  |  MONDAY, 1 JUN 2026
... Astute that finalised in March. Under that agreement, Centrepoint retains the lending-as-a-service (LaaS) business, credit licence, and salaried brokers so that advisers continue to access integrated lending solutions without operating a sub-scale aggregator. ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
APRA hit Equity Trustees' subsidiary and the trustee for the HUB24 Super Fund, HTFS Nominees, with additional licence conditions. The new licence conditions centre on HTFS Nominees' weak, ill-defined and inconsistent investment option selection ...

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... services that are most closely aligned to the Retirement Income Covenant (RIC). It said in its submission that recent licence conditions introduced by APRA on trustees of platforms will lead to some narrowing of investment choice on platforms. "Equity ...

More advisers go self-licensed to avoid associative risks

MATTHEW WAI  |  THURSDAY, 28 MAY 2026
An industry expert said financial advisers are increasingly moving towards a self-licensed model to gain better control of their business, while avoiding the risks of operating under large dealer groups. My Dealer Services (MDS) managing director Alex ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... yesterday, finding the bank "failed to do all things necessary to ensure that the credit activities authorised by the credit licence were engaged in efficiently, honestly and fairly." It also "failed to comply with consumer credit law." Customers, who ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... Guardian; and failed to do all things necessary to ensure the financial services covered by its Australian financial services licence were provided efficiently, honestly and fairly. "This is the second action we've taken against Equity Trustees and ...