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Showing 61 - 70 of 377 results for "Australian Financial Services licence"

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... members; and 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 first action against a superannuation trustee in relation to this ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... unregistered managed investment schemes or financial services being provided without an Australian financial services licence (AFSL). The balance was issues related to general licence obligations (36%), credit issues (15%) and other (10%). Further, ASIC ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... and was ordered to be wound up in October 2024. UGC was based in Melbourne and had held an Australian financial services licence since 18 August 2017. This was cancelled upon Hewish's banning. However, the announcement of the ban and cancellation was ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... derivatives without a licence. However, those plans were never fulfilled, and PWMS's Australian financial services licence (AFSL) was cancelled in August 2023, when Cuthbertson was also subsequently permanently banned. The matter has been adjourned ...

FSC explores if adviser licensing framework remains 'fit for purpose'

MATTHEW WAI  |  MONDAY, 28 JUL 2025
... varied industry participants, the FSC said. The paper found that since the establishment of Australian Financial Services licence (AFSL) in 2001, it has "fostered trust and safeguarded the interests of Australians seeking financial advice." However ...

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... for crypto assets that are financial products. These include the requirement to hold an Australian financial services licence (AFSL) or appropriate authorisation by an AFSL holder," ASIC said. "Entities providing services in relation to crypto-related ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... was a corporate authorised representative of Crown Wealth Group until last year when its Australian financial services licence (AFSL) was cancelled after the group was placed into voluntary administration. The reportable situations regime requires licensees ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... investigate where we identify potential misconduct or non-compliance." ASIC cancelled the Australian financial services licence of Brite Advisors after it failed to pay a compensation order upheld by the Australian Financial Complaints Authority in May. ...

ASIC accuses Kalkine of providing unlicensed advice

ELIZA BAVIN  |  FRIDAY, 23 MAY 2025
... in Australia, Canada, the UK and US. ASIC has imposed new licence conditions on Kalkine's Australian financial services licence (AFSL) to ensure compliance with its obligations as an AFS licensee. "These conditions require Kalkine to engage a consultant ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... long-standing issues, which led us to impose additional conditions on Macquarie Bank's Australian Financial Services licence only last week," Longo said.