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Showing 811 - 820 of 1277 results for "AFS"

Former Equititrust CEO appeal refused

KERRIE SYDEE  |  TUESDAY, 7 JUN 2016
The Administrative Appeals Tribunal (AAT) has refused an application by former chief executive officer and founding director of Equititrust (in liquidation) to overturn a permanent ban. Mark McIvor applied for an order staying the operation and implementation ...

Lack of resources impacting ASIC

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
The latest licensing activity report released by ASIC reveals that the number of Australian financial services (AFS) applications approved was lower than the two preceding periods, citing a lack of staff and resources as one of the main reasons for ...

ASIC cancels AFSL of wholesale fund manager

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
ASIC has cancelled the Australian financial services (AFS) licence of a Sydney based wholesale service provider. TMK Index's licence was cancelled with effect from 12 May 2016 for failing to apply with a number of obligations. Previously known as Fish ...

SMSF accountants seek investment product knowledge

DARREN SNYDER  |  WEDNESDAY, 1 JUN 2016
SMSF accountants say their understanding of investment products is low and are calling on fund managers and brokers to service them with further education and support tools. This is one of several key findings in a survey of more than 1100 SMSF accountants ...

Adviser Network launches SMSFit

KERRIE SYDEE  |  FRIDAY, 27 MAY 2016
Adviser Network has launched cloud-based solution SMSFit to enable licensed accountants to continue advising clients on their suitability to set up a self-managed super fund (SMSF). SMSFit will allow accountants to operate under a limited AFSL to provide ...

Banned SMSF adviser charged for misappropriating $1.8m

ALEX BURKE  |  FRIDAY, 20 MAY 2016
An SMSF property adviser has been charged with 31 counts of deception following an ASIC investigation. George Nowak was the director of EJ Property Developments, formerly Charterhill. According to ASIC's findings, he misappropriated $1.8 million in ...

ASIC makes two permanent bans

KERRIE SYDEE  |  FRIDAY, 13 MAY 2016
ASIC has permanently banned a former AFS licensee employee and former chairman of collapsed lender Wickham Securities and founder of Sherwin Financial Planners (in liquidation), from providing financial services. Former AFS licensee employee Nicolai ...

ASIC reduces ban on director of fabricated fund

KERRIE SYDEE  |  MONDAY, 18 APR 2016
The Administrative Appeals Tribunal (AAT) has approved an agreement between ASIC and Queensland man, Paul Duncan, to reduce his ban from providing financial services from four years to three. ASIC originally banned Duncan from providing financial services ...

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 ...

Wealth management left out of data discussion

DARREN SNYDER  |  FRIDAY, 15 APR 2016
Data aggregator InvestmentLink believes wealth management is being left out of the conversation around better access to financial services data feeds, interrupting the growth of financial advice and superannuation fintechs. Although InvestmentLink supports ...