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Showing 71 - 80 of 142 results for "AFS Licence"

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
... Day said the new process would ensure applications were not subject to delays in the future. "ASIC has reviewed the AFS licence assessment processes and has streamlined its assessment processes in some limited respects," Day said. "This is designed to ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... of other AFS licensees. ASIC has revoked authorisation of these dual licence holders after an investigation into 65 AFS licence holders found that 58 were breaking the law. Under the Corporations Act, an AFS licensee cannot be the authorised representative ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... imposed additional conditions on the AMP Financial Planning's AFSL. ASIC granted AMPFP's application to vary its AFS licence to provide managed discretionary account (MDA) services after which time ASIC conducted surveillance of AMPFP's MDA services ...

ASIC bans Queensland adviser, suspends licence

KANIKA SOOD  |  FRIDAY, 20 JUL 2018
... of his client files from when he was an authorised representative of Axis and Mode. ASIC has also suspended Mode's AFS licence, saying it did not take reasonable steps to ensure that its representatives complied with financial services laws. Mode's licence ...

ASIC takes financial planner to court

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
ASIC is taking a Queensland-based financial planner to the Supreme Court, after his licensee reported him to the corporate regulator. Brett Andrew Gordon operated a financial planning business, Refocus Financial Group on the Sunshine Coast. He held ...

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
... carrying on a financial services business for 18 years. After the court ruling, ASIC decided to cancel the firm's AFS licence as it had ceased to carry on its financial services business. The cancellation, announced today, came into effect on May 14. ...

Unlicensed SMSF advice not systemic: ASIC

HARRISON WORLEY  |  FRIDAY, 4 MAY 2018
... regulations was removed. Further, the regulator found that websites of accountants often did not include relevant AFS licence details. ASIC added that it would continue to investigate five accountants whose services were of a concern to the regulator ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... the independence of experts in relation to the provision of IERs. In response, HLB Mann Judd Melbourne said: "As an AFS licence holder, HLB Mann Judd Corporate Finance treats its compliance obligations very seriously. While the company does not necessarily ...

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
... reports for the financial years ending 30 June 2014, and 30 June 2015. Rural & General Insurance Broking's (RGIB ) AFS licence was initially suspended by ASIC for six months in October 2016, for its failure to meet its obligations to lodge these annual ...

ASIC cancels AFSL licences

EMMA RAPAPORT  |  MONDAY, 27 MAR 2017
... against those who fail to comply with their responsibilities." In addition to the cancellations, ASIC has suspended the AFS licence for KABM until 1 May 2017, for failing to lodge financial statements and auditor's reports for three consecutive years. ...