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Showing 1 - 10 of 100+ results for "Australian Financial Services"

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... advice and general advice). Moreover, the retention of the Life Insurance Framework, retention of the Australian Financial Services Licence and support for principles-based regulation were also other areas of alignment. Meanwhile, the FSC took aim at ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
... Between November 2017 and December 2020, Bhandari was an AR of The Australian Dealer Group Pty Ltd, an Australian financial services (AFS) licensee that helped consumers find lost superannuation and consolidate their superannuation accounts. For the ...

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
... estimates may involve personal financial advice, but ASIC chooses to give class order relief from Australian Financial Services (AFS) licensing and personal advice requirements for tool providers. Under ASIC's relief, a financial calculator, including ...

TIP Group appoints senior executives

CHLOE WALKER  |  THURSDAY, 30 JUN 2022
... SME landscape," Coleman said. "Today, TIP is a financial institution that spans a microcosm of the Australian financial services landscape: providing capital and mentorship to entrepreneurial leaders." Coleman added that Wong and Baragwanath's appointments ...

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
... companies have allegedly carried on a financial services business, since June 2019, without holding an Australian financial services licence. It's also been alleged that Arandez and/or these companies have obtained approximately $2.5 million from ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... the company must be limited by shares; the sole director must be a public company that holds an Australian financial services licence (AFS) authorising operation; and the company must have at least one sub-fund to register and the sub-fund must have ...

ASIC releases estimate cost recovery levies for 2021/22

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... reforms. ASIC stated the approximate budgeted cost recovery would be $24.01 million across 2759 Australian financial services licensees. This figure is down from $25.76 million in 2020/21. Constituting a much smaller cost recovery amount of $500,000 ...

ASIC succeeds in application to liquidate Ascent

CASSANDRA BALDINI  |  MONDAY, 6 JUN 2022
... froze his assets. It was suspected that Ascent had been providing financial services without an Australian financial services licence and had been operating an unregistered managed investment scheme that was required to be registered. ASIC said it sought ...

ASIC bans financial adviser for five years

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
... behalf of clients and used managed discretionary accounts. However, Guan nor his company held an Australian financial services (AFS) licence. For part of that period, Guan was an authorised representative of an AFS licensee but his authorisation didn't ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
ASIC has suspended the Australian financial services licence of embattled Dixon Advisory & Superannuation Services. The regulator's move follows the appointment of Stephen Graham Longley and Craig David Crosbie as joint administrators to Dixon Advisory ...
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