ASIC suspends Corpac Partners’ AFS license
Content of Penalty:
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of NSW-based Corpac Partners Pty Limited (Corpac Partners) from 28 February 2018 for failing to lodge financial statements and auditor's reports for a period of four years. This failure is in breach of both Corpac Partners' legal obligations and their licence conditions.
ASIC has suspended Corpac Partners' licence until 28 August 2018.
If Corpac Partners does not lodge the required documents by this date, ASIC will consider whether the licence should be cancelled.