Regulatory Alerts2025-07-17
ASIC cancels seven Australian credit licences and suspends one Australian credit licence
The Australian Securities and Investments Commission has cancelled seven Australian credit licences and suspended one for failing to maintain mandatory membership with the Australian Financial Complaints Authority. The regulatory action targets entities that breached general conduct obligations by lacking AFCA membership, failing to lodge annual compliance certificates, or not paying industry funding levies. Licensees affected by these decisions retain the right to appeal to the Administrative Review Tribunal.
Share