Two companies lose Australian financial services licences
Content of Penalty:
ASIC has cancelled the Australian financial services (AFS) licence of NSW-based Divitiarum Audax Pty Limited (Divitiarum Audax) and suspended the AFS licence of NSW-based Mackellar Financial Services Pty Ltd (Mackellar).
Mackellar's AFS licence has been suspended from 31 October 2017until 30 April 2018for failing to lodge financial statements and auditor's reports for a period of two years. This is in breach of both Mackellar's legal obligations and licence conditions.