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Showing 31 - 40 of 45 results for "Australian Credit Licence"

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... the amendments, eligible entities can test services in relation to certain products without an AFSL or Australian Credit Licence under conditions set out in the regulations, he said. The 24-month timeframe will test superannuation and life insurance ...

Zagga pitches alternative asset class

EMMA RAPAPORT  |  FRIDAY, 30 JUN 2017
... determine the interest rates for each loan. Backed by an Australian Financial Services Licence and an Australian Credit Licence, Zagga hopes to differentiate itself from other marketplace lenders by providing a lending platform where all loans will be ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... their personal capacity. Ross had never been granted an Australian Financial Services Licence or an Australian Credit Licence and has never been an authorised representative of a licensee. He was convicted on April 28 and fined $6000. Three breaches ...

CPA granted AFSL

KERRIE SYDEE  |  MONDAY, 18 APR 2016
ASIC has granted CPA Australia an Australian Financial Services licence (AFSL) and an Australian Credit Licence (ACL) for its wholly owned subsidiary, CPA Australia Advice. The granting of the licences is an important step in the establishment of the ...

ASIC cancels Sydney broker licence

ALEX BURKE  |  THURSDAY, 7 MAY 2015
... of sale exemption, ASIC cancelled her licence. "Those offering credit under an exemption to hold an Australian credit licence must adhere to the bounds of the exemption," ASIC deputy chair Peter Kell said. "ASIC will act against those who fail in this ...

Fintechs issued AFSL warning

MARK SMITH  |  THURSDAY, 9 APR 2015
... unwittingly providing financial services without an Australian Financial Services Licence (AFSL) or Australian Credit Licence (ACL), putting themselves in breach of the law and opening themselves up for investigation by the regulator, according to The ...

ASIC suspends advice firm for three months

LAURA MILLAN  |  WEDNESDAY, 1 OCT 2014
... clients their licence has been suspended and what that means. In July 2014, ASIC cancelled the group's Australian credit licence following concerns it failed to continue to be a member of an external dispute resolution scheme.

ASIC permanently bans former finance broker

HARRY PAGE  |  THURSDAY, 10 JUL 2014
... application. Frugtniet is a former director of Unique Mortgage Services (UMS) and was the key person for UMS' Australian credit licence. He was found to have made false statements on Newstart allowance forms and made a false declaration to the Migration ...

ASIC cancels Capital Advisers' licence

LAURA MILLAN  |  THURSDAY, 13 FEB 2014
... Financial Services (AFS) licence of Capital Advisers. The regulator also cancelled Capital Advisers' Australian credit licence following concerns that the group was unable to comply with its licence conditions and it subsequently going into voluntary ...

Chambers enters into administration, loses AFSL

LAURA MILLAN  |  FRIDAY, 4 OCT 2013
... (AFSL) cancelled by the Australian Securities and Investments Commission (ASIC). ASIC also cancelled the Australian credit licence of Chambers after it ceased to engage in credit activities and failed to obtain professional indemnity insurance. The regulator ...