AFS licences require annual submission of a financial report. These reports aim to prove that the companies have the resources to provide financial services.
The AFS licence of Gold Coast-based ACN 140 520 225 Pty Ltd was also cancelled, effective 17 March. The company was previously known as MyPlanner Australia Pty Ltd before changing its name in February 2017 to MyPlanner Professional Services.
The company was also appointed external administration and a liquidator was appointed in November last year.
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