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Showing 1 - 10 of 84 results for "Voluntary Administration"

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... its representatives. ASIC cancelled the AFSL of Crown Wealth in March 2024, after it was placed into voluntary administration. It was previously allowed to provide advice to retail and wholesale clients regarding superannuation, securities, deposit and ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... assets of UGC and its authorised representative Global Capital Property Fund (GCPF). The entity entered voluntary administration and was ordered to be wound up in October 2024. UGC was based in Melbourne and had held an Australian financial services ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... year when its Australian financial services licence (AFSL) was cancelled after the group was placed into voluntary administration. The reportable situations regime requires licensees to notify ASIC of reportable situations. ASIC published its Regulatory ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... time of the conduct, and became a director of the business in 2015. Crown Wealth Group was placed in voluntary administration last year and had its licence cancelled. According to the ASIC Financial Adviser Register, between October 2022 and October ...

Roads, railways, NBN winners in Budget

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
... government pledged up to $130 million in secured loans to keep Rex Airlines operational during its extended voluntary administration to 30 June 2025, while a competitive sale process is held. "This will help maintain critical aviation services for regional ...

Keybridge Capital enters voluntary administration

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
Keybridge Capital has appointed Gideon Rathner from Lowe Lippmann Chartered Accountants as voluntary administrator, with the board blaming its ongoing feud with WAM Active (WAM). The Keybridge board said court orders being sought by WAM prevented Keybridge ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... attitude" towards his managerial responsibilities and legal compliance, according to ASIC. UGC entered voluntary administration on July 5. One month later, UGC's creditors resolved to wind-up the firm and appoint David Stimpson of SV Partners as ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... Hewish's ban being recorded on ASIC's banned and disqualified register, he and UGC, which was placed into voluntary administration last month, are appealing the regulator's decision at the Administrative Appeals Tribunal. Meanwhile, ASIC is pressing ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... options broker Morrison Securities. The appointment of receivers follows the company being placed into voluntary administration last week. Beaconsfield, the sole secured creditor of New Quantum Holdings with $50 million invested, said the appointment ...

GigSuper goes into liquidation

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... the likes of Deliveroo, whose Australian operations collapsed in 2022. In late 2021, GigSuper went into voluntary administration and appointed DW Advisory with the task of helping the troubled super fund. GigSuper had less than 200 members and $2.8 million ...
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