Regulatory Alerts2025-08-29
ASIC cancels licence of Easy Plan Financial Services Pty Ltd
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian credit licence of Easy Plan Financial Services Pty Ltd following a Compensation Scheme of Last Resort payment. The cancellation was triggered because Easy Plan failed to pay an Australian Financial Complaints Authority determination, leading the CSLR to pay $84,600 to the affected consumer. This action is mandatory and not subject to discretion or merits review, marking the tenth licence cancellation under the CSLR framework.
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