Search ResultsShowing 1 - 10 of 100+ results for "AFSL"
NAB revamps superannuation trustee board
KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... Watt as non-executive directors. The appointments come as ASIC cleared NULIS of additional license conditions put on its AFSL nearly three years ago. The regulator is pursuing NULIS in the Federal Court over fees for no service conduct, and also working ...
YBR exits wealth, sells for $2.5 million
ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... Sequoia Group. The sale will mean current YBR Wealth advisers will become licenced advisers of Interprac (which holds an AFSL within the Sequoia Group). Rainmaker analysis of the ASIC Financial Adviser Register shows that YBR had 58 advisers in the middle ...
Westpac to pay $9.5m for Corps Act breaches
JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... significant risk Sinha would not comply with the Act and that it also failed to ensure all services to be provided under its AFSL were done so fairly, efficiently and honestly or by the book. This constitutes a contravention of sections 912A(1)(a) and ...
Concerns over cancelled ASFL complaints
ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
ASIC has cancelled the AFSL of KP International Group after the regulator suspended it earlier this year, but concerns remain. ASIC said after the suspension, KP International advised the regulator that all relevant officers of the company had resigned ...
Half of all AFSL applications approved
ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
ASIC revealed just 53% of AFSL applications received this year were approved. ASIC received approximately 2491 applications in 2018-2019 - 64% of AFS licences, 27% for credit licences and 9% relating to professional auditor registrations. In the report ...
ASIC winds up alleged unregistered scheme
ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... scheme, and a related company, operated by Chris Marco. ASIC also said it is seeking declarations that Marco did not hold an AFSL while running a financial services business. The application has been filed against Marco, who traded as Coastline Group ...
Dealer group launches transition support service
HARRISON WORLEY  |  FRIDAY, 13 DEC 2019
A privately-owned licensee is launching a support service to assist advice firms in transitioning to an individual AFSL and has appointed a national practice consultant to lead the initiative. Lifespan Financial Planning will launch Lifespan Partnership ...
ASIC launches action against AFSL, director
ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has commenced action in the Federal Court in Western Australia focused on the promotion and management of the Sterling Income Trust. The regulator said the action is against Theta Asset Management, an Australian financial services licensee and ...
Integration of super advice business completes
ELIZABETH MCARTHUR  |  WEDNESDAY, 11 DEC 2019
... changes to the register to be completed by the end of this calendar year, within ASIC's allowable timelines." The StatePlus AFSL, State Super Financial Services, had 267 registered financial advisers on the ASIC FAR at the start of November. From last ...
ASIC suspends Melbourne-based AFSL
ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has suspended the AFSL of Melbourne-based financial services provider Australian Golden Securities until May 2020. ASIC said the licence has been suspended over concerns the company is not meeting its obligations as an AFS licensee. The regulator ...
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