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Showing 51 - 60 of 935 results for "AFSL"

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
... service leave funds - or employee entitlement schemes - will be required to apply for an Australian financial services licence (AFSL) and comply with some managed investment provisions of the Corporations Act. Following Consultation Paper 384 Employee ...

FX coaching platform handed additional conditions over compliance failures

MATTHEW WAI  |  WEDNESDAY, 26 NOV 2025
... financial services laws over delayed lodgement, commanding it to appoint a consultant to review the business. LTT was granted an AFSL in January 2010, enabling the business to provide financial product advice about derivatives, foreign exchange contracts ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... MTIS Wealth Management and Investment Strategists Accounting Services. CPW and MTIS operate under the Clime Advice's AFSL. Last October, Clime acquired an additional 20% interest in James Street Wealth to own 50% of it. James Street Wealth, which ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... proprietary company on both registers. Commenting, ASIC deputy chair Sarah Court warned Australian financial services licence (AFSL) holders that it is sternly cracking down on reporting failures. "It is important that AFS licensees lodge timely reports ...

Advisers may be caught by new AML/CTF reforms: Expert

MATTHEW WAI  |  FRIDAY, 21 NOV 2025
... According to the AML/CTF Act, a financial adviser or an authorised representative of an Australian financial services licence (AFSL) is providing an item 54 designated service, which requires the service provider to comply with only some of the AML/CTF ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Sequoia Financial Group's chair has told shareholders that "good governance remains central" to how it operates and confirmed it is in talks with Netwealth and Macquarie over their decision to bar InterPrac advisers. Addressing its annual general ...

HUB24 takes stake in Finura Digital

ELIZA BAVIN  |  WEDNESDAY, 19 NOV 2025
HUB24 has taken an equity stake in Finura Digital, the parent company to Advice Designer, a SaaS platform that helps financial advisers automate their advice production processes. In addition, HUB24 will introduce myhub, an "ecosystem concept" being ...

BlackRock confirms Bitcoin ETF launch

MATTHEW WAI  |  MONDAY, 3 NOV 2025
... products fall within the definition of financial products, and, if so, to obtain an Australian financial services licence (AFSL) by the 30 June 2026 deadline.

Number of AFSLs plateaus: Rainmaker

ELIZA BAVIN  |  MONDAY, 3 NOV 2025
... quarter, the only two size groups that grew were 11-50 and 101-250. Together they added 309 advisers, while all other size AFSL declined. Registered advisers operating through super fund-owned AFSLs rose 1.1% over the 12 months. "AFSL numbers seem to ...

Chris Marco sentenced to prison over $34m fraud

MATTHEW WAI  |  FRIDAY, 31 OCT 2025
... be permanently restrained from carrying on a financial services business without an Australian financial services licence (AFSL) or operating an unregistered managed investment scheme, ASIC said. Between July 2013 and October 2018, Marco obtained over ...