Two companies lose Australian financial services licences

Two companies lose Australian financial services licences

Australia

  • 11/8/2017
  • Suspension
  • Australian Securities and Investments Commission
Misconduct

Detail

ASIC has cancelled the Australian financial services (AFS) licence of NSW-based Divitiarum Audax Pty Limited (Divitiarum Audax) and suspended the AFS licence of NSW-based Mackellar Financial Services Pty Ltd (Mackellar).

Mackellar's AFS licence has been suspended from 31 October 2017until 30 April 2018for failing to lodge financial statements and auditor's reports for a period of two years. This is in breach of both Mackellar's legal obligations and licence conditions.

Source Link

http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-375mr-two-companies-lose-australian-financial-services-licences/