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ASIC’s AFSL and ACL Application Charges Set to Increase on 1 July 2018

Posted on March 16th, 2018 by Sophie Gerber in ACLsAFSLsASICFinancial Services and Credit Industries
From 1 July 2018, ASIC will be able to charge fees for its services which include regulatory costs that are directly attributable to a single, identifiable entity. Below are some examples of the Fe ...

Licensing Assessment Delays to Continue as ASIC Increases their Licence Approval Timeframes

Posted on January 15th, 2018 by Sophie Gerber in ACLsAFSLsASICLicensing
ASIC has announced changes to its service charter causing further delays to licence approval. The service charter details the timeframes you can expect for ASIC to respond to your correspondence, incl ...

Brokers Under Increased ASIC Scrutiny

Posted on November 20th, 2017 by Sophie Gerber in ACLsASICFinancial Services and Credit IndustriesLoans
The industry is under higher levels of scrutiny by the Australian Securities & Investments Commission (ASIC), according to one financial services consultancy firm. In a recent blog post, Sophie ...

AFSL and ACL Applicants Experience Further Delays in Obtaining Licences

Posted on February 27th, 2017 by Sophie Gerber in ACLsAFSLsASIC
With a surging number of Australian Financial Services Licence (AFSL) and Australian Credit Licence (ACL) applications, the Australian Securities and Investments Commission (ASIC) has experienced incr ...

Is the FOS and CIO Merger Proposal the Key to Improve Our Dispute Resolution System?

Posted on November 30th, 2016 by Sophie Gerber in ACLsAFSLs
The proposition to merge the Financial Services Ombudsman Services Australia (“FOS”), the Credit & Investments Ombudsman (“CIO”), and the Superannuation Complaints Tribunal (“SCT”) is ...

Extensive ASIC licensing timelines are here to stay

Posted on September 8th, 2016 by Sophie Gerber in ACLsAFSLs
It's no secret that the Australian Securities and Investments Commission (ASIC) is struggling with their current workload and their ability to assess both Australian Financial Services Licence (AFSL) ...

ASIC Crackdown on Responsible Lending Practices

Posted on May 14th, 2016 by Sophie Gerber in ACLs
Throughout 2015, the Australian Securities and Investments Commission’s (ASIC) focus has been on the Responsible Lending Practices of Australian Credit Licence (ACL) holders. While ASIC sought civil ...

Vistr launches cash flow projection solution

Posted on October 29th, 2014 by Sophie Gerber in ACLsAFSLsCompliance Work
Vistr has created an online software to provide automated cash flow projections, saving you time in the preparation of your cash flow projections. As an AFSL or ACL holder, ASIC requires your b ...

Meet our voice..

Posted on September 17th, 2014 by Sophie Gerber in ACLsAFSLsCompliance WorkLegal Work
Sophie Grace was lucky to work with Madeleine L. Turner for our new phone system recordings. With her experience in radio and animated voice work, Madeleine’s versatility and experience combined wit ...

“Money makes the world go round”

Posted on September 16th, 2014 by Sophie Gerber in ACLsAFSLsCompliance WorkLegal Work
  This work called 'Economy Class' by James Dorahy is a part of the 'Colour speaks louder than words' exhibition which is currently on display in our new offices. This work, which currentl ...