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Showing 1 - 9 of 9 results for "Australian Financial Service Licence"

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... plans for clients. "Given the similarities between the HEAS and a reverse mortgage, many Australian Financial Service Licence (AFSL) holders had expressed caution about advising directly on the scheme, as it may have required an Australian Credit Licence ...

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
... and its insolvency," the regulator said. The news comes after ASIC suspended the company's Australian financial service licence for six months in mid-January this year and by the end of the month had applied to have the company wound-up. A voluntary ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
The Financial Services Council finalised the standard for life insurance approved product lists. From 1 July 2018, Australian financial service licencees who are members of the FSC will be required to include three or more life insurers on their APL. ...

ASIC drops Macquarie AFSL conditions

KERRIE SYDEE  |  FRIDAY, 1 JUL 2016
ASIC has removed the additional conditions placed on Macquarie Bank's Australian financial service licence (AFSL) following KPMG's review of the company. KPMG was engaged by Macquarie in April 2016 to undertake an external expert review of the effectiveness ...

ASIC changes drive GPS Wealth growth

KERRIE SYDEE  |  THURSDAY, 30 JUN 2016
The need to hold a limited Australian financial service licence (AFSL) or be an authorised representative of a licence-holder or licensee has seen more than 60 accounting practices join GPS Wealth in the last financial year. The 60 practices including ...

Bogus super fund a wake-up call for investors: ASIC

MARK STORY  |  THURSDAY, 29 NOV 2012
... investors that Swiss Private is not a company registered in Australia and does not hold an Australian financial service licence. The Melbourne address for Swiss Private is a virtual office and ASIC investigations have revealed no representatives of Swiss ...

Industry uncertainty limits MDAs

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
... most dealers, implementing an MDA Service is really only constrained by the education of [Australian Financial Service Licence] AFSLs and their compliance staff in running systems that facilitate them," said Potter. Potter also said compliance was an ...

E*TRADE fee hits planners

MICHAEL HOBBS  |  MONDAY, 25 MAY 2009
... previously free. The pricing changes affect a package the firm provides to more than 200 Australian Financial Service Licence (AFSL) holders. The package includes the use of white labelled documents, access to E*TRADE Pro and a dedicated relationship ...

ASIC moves against unlicensed business

... ASIC also alleged that Swancove and Zohar conducted financial business without holding an Australian financial service licence. The court orders are aimed to prevent Swancove and Zohar from operating without a licence and to provide investors with an ...
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