Regulatory Alerts2025-08-28
ASIC cancels AFS licence of BDS Accounting Pty Ltd for failure to pay industry funding levies
The Australian Securities and Investments Commission (ASIC) cancelled the Australian financial services licence of BDS Accounting Pty Ltd effective 28 July 2025. The cancellation was issued under section 915B(3)(e) of the Corporations Act 2001 because the entity failed to pay outstanding industry funding levies for more than 12 months. BDS Accounting Pty Ltd, which held licence number 489230 since December 2017, retains the right to appeal this decision to the Administrative Review Tribunal.
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