ASIC has cancelled the Australian Financial Services (AFS) licence of Sydney based company Core Insurance Pty Ltd for failing to lodge financial statements and auditor reports for a period of two years. This is in breach of both its legal obligations and licence conditions. ASIC Deputy Chair Peter Kell said: Licencees are required to lodge…
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ASIC has suspended the Australian Financial Services (AFS) licence of Sydney-based Group Underwriters & Managers Pty Ltd (GUM) for three months for failing to lodge financial statements, auditor reports and auditor opinions for a period of three years. This is in breach of both GUM's legal obligations and licence conditions. ASIC Deputy Chair Peter Kell…
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ASIC has suspended the Australian financial services (AFS) licence of Parramatta-based Rural & General Insurance Broking Pty Limited (RGIB) for failing to lodge financial statements, auditor's reports and auditor's opinions for the financial years ending 30 June 2014 and 30 June 2015. This is in breach of both its legal obligations under the Corporations Act…
Read moreASIC has cancelled the Australian financial services (AFS) licence of Lotus Securities Ltd (AFS licence 306812) for failing to comply with a number of its key obligations as a financial services licensee, including: lodging its financial reports within the required timeframe; lodging compliance plan audits and financial reports for the managed investment schemes it operates…
Read moreASIC has cancelled the Australian Financial Services (AFS) licence of Melbourne-based company Allegianz Pty Ltd for failing to lodge financial statements and auditor reports. Allegianz's AFS licence was suspended by ASIC for six months in March 2016 for failing to meet its obligations to lodge financial statements and auditor reports. The financial statements and auditor…
Read moreAustralian Securities and Investments Commission (ASIC) today published its third report on its approach to licence applications. The six month report from July to December 2015 sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) applications, Australian credit licence applications, liquidator registration applications, company auditor and approved SMSF auditor…
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