Two companies lose Australian financial services licences

Reason:
Misconduct
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.

Date: 08/11/2017
Link: http://asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-375mr-two-companies-lose-australian-financial-services-licences/

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