Regulatory Alerts2025-07-21
ASIC cancels Australian credit licence of Lendflex Holdings Pty Ltd
The Australian Securities and Investments Commission has cancelled the Australian Credit Licence of Sydney-based credit provider Lendflex Holdings Pty Ltd, effective 15 July 2025. The regulator determined that Lendflex failed to lodge its 2024 annual compliance certificate and did not nominate a Key Person for its licence. This action supports ASIC's ongoing efforts to improve compliance across the credit industry, though Lendflex retains the right to appeal the decision to the Administrative Review Tribunal.
ASIC has cancelled the Australian Credit Licence (ACL) of Sydney-based credit provider Lendflex Holdings Pty Ltd (Lendflex) (ACN 667 383 655).
The ACL cancellation took effect on 15 July 2025.
The ACL was cancelled after ASIC became aware that Lendflex had failed to lodge its 2024 annual compliance certificate and to nominate Key Person for its ACL.
The cancellation of the ACL is part of ASIC’s ongoing efforts to improve compliance across the credit industry.
Background
Lendflex has held ACL number 548515 since 11 September 2023. It was authorised to engage in credit activities as a credit provider.
Lendflex has the right to appeal to the Administrative Review Tribunal for a review of ASIC’s decision.