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Showing 1 - 10 of 322 results for "AFCA"

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
... Australian Fiduciaries-linked APT Strategy has been reinstated as a member of the Australian Financial Complaints Authority (AFCA), paving the way for victims to come forward. AFCA today announced APT Strategy, which is in liquidation, is once again ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... InterPrac to pay the sums, which were calculated based on determinations set by the Australian Financial Complaints Authority (AFCA), in a holding account with the Federal Court. Melinda Kee lost $380,000 of her retirement savings when she invested it ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... CSLR, Mulino will limit compensation to actual investment losses rather than hypothetical losses for applications made to AFCA after June 30 of next year. The government will apply the waterfall model outlined in a recent consultation to the $170.3 million ...

ASIC suspends AFSL of GFA Capital Markets

RIDDHIMA TALWANI  |  THURSDAY, 6 AUG 2026
... suspended, GFA can continue to operate for the limited purposes of maintaining its Australian Financial Complaints Authority (AFCA) membership, holding professional indemnity insurance, and complying with written notices issued by ASIC. "Prior to the ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... investment and advice complaints have seen the steepest increase in FY26, data from the Australian Financial Complaints Authority (AFCA) shows. AFCA received a record 119,949 complaints in the 12 months to June end, the highest number on record and the ...

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
... from working in financial services for three years for failing to comply with Australian Financial Complaints Authority (AFCA) determinations. Nicholas Duncan Jeremy Brookes and Vittorio Vincenzo Turco were each banned from managing or controlling financial ...

Super Consumers appoints former regulator as chair

RIDDHIMA TALWANI  |  WEDNESDAY, 22 JUL 2026
... the Financial Counselling Industry Fund, chair of the consumer advisory panel at Australian Financial Complaints Authority (AFCA) as well as chair of the consumer consultative committee at ACCC. "Peter has spent his career working to make markets fairer ...

Crole exits Sequoia effective immediately

KARREN VERGARA  |  WEDNESDAY, 22 JUL 2026
... Fund and First Guardian Master Fund. On the offensive, InterPrac is suing the Australian Financial Complaints Authority (AFCA), believing it has not been treated fairly. It is also targeting a former client and victim of First Guardian based on an AFCA ...

ASIC cancels AFSL of Australian Fiduciaries

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... follows Australian Fiduciaries' inability to pay the amount determined by the Australian Financial Complaints Authority (AFCA). The Compensation Scheme of Last Resort (CSLR) then made a payment of $150,000 for the AFCA determination. "In making the cancellation ...

Treasury expects regulators to do the heavy lifting

MATTHEW WAI  |  FRIDAY, 17 JUL 2026
... be working closely the Australian Competition and Consumer Commission (ACCC), Australian Financial Complaints Authority (AFCA), and other agencies to reduce the harmful impact of scams and facilitating necessary changes to AFCA's rules and jurisdiction. ...
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