Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 377 results for "Australian Financial Services licence"

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

ASIC streamlines AFSL applications

JAMIE WILLIAMSON  |  MONDAY, 5 MAY 2025
The regulator launched a new digital portal for Australian financial services licence (AFSL) applications. From today, those wishing to gain an AFSL can use ASIC's new portal, integrated with the ASIC Regulatory Portal. It has a new interface and method ...

ASIC bans unlicensed WA adviser

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... determined Kendrick had not been licensed or authorised to provide financial services under an Australian financial services licence (AFSL) since 30 September 2022 but had been active in the industry since 2004. Kendrick was an authorised representative ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... demonstrates the seriousness of this misconduct." ASIC cancelled Equiti Financial Service's Australian financial services licence in November last year.

Civitas appoints new business partner

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... Australia, a financial services provider that helps individuals and firms obtain and manage their Australian Financial Services Licence (AFSL), has appointed a new business partner. The new hire, James McCowan, who's based in Brisbane but will service ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... found that USG breached its obligation to ensure that the financial services covered by its Australian financial services licence (AFSL) were provided "efficiently, honestly and fairly", where it offered those services to customers in China. The court ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... Sarah Court said Binance allegedly failed to ensure that the services it provided under its Australian financial services licence were provided efficiently, honestly, and fairly. "Our case alleges Binance's compliance systems were woefully inadequate ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... ASIC of the details of the firm that failed to pay the compensation, ASIC must cancel the Australian financial services licence and credit licence of the firm," ASIC said. As a result, ASIC cancelled the two licences on October 16. In 2022, the Federal ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... concerns that some of the companies linked to McWilliams may have been operating without an Australian financial services licence, possibly breaching the Corporations Act. Additionally, he pointed out that several companies involved, along with McWilliams ...