News & Knowledge
Articles tagged as "AFSL"
ClearSix and a half year ban for property developer for promoting property investments without an AFSL
Knowledge
20th March 2025
MARQ Trustees writes about ASIC’s ban of Kingdom Developments Group director, for offering investment in property developments without an AFSL (Australian Financial Services Licence).
Court issues $1.25 million penalty to unlicensed property scheme promoter
Knowledge
11th December 2024
In a first for an Australian Court, a $1.25 million penalty has been ordered against high profile property investment scheme promoter Sasha Hopkins for operating unregistered managed investment schemes.
ASIC focuses on property investment schemes and continues emphasis on pursuing action in the Courts
Knowledge
20th November 2024
ASIC has just released its enforcement priorities for 2025. They continue a theme of consumer credit protections, but also call-out property investment schemes and conduct which exploits superannuation savings.
Criminal conviction for promoting an investment without an AFSL demonstrates what can happen when you ignore the law
Knowledge
17th July 2024
MARQ Trustees write about a NSW criminal conviction serving as a reminder about the consequences of acting without an AFSL.
The obligations of an AFS Licensee and Trustee
Knowledge
24th April 2024
As AFS licensees, we are required to meet strict financial guidelines as set out in the Corporations Act 2001.
Am I carrying on a “financial services business”?
Knowledge
24th April 2024
The key to an AFSL requirement centres on the words: ‘Carrying on a financial services business’.
Authorised Representatives, Corporate Authorised Representatives and CAR Agreements
Knowledge
20th April 2024
An authorised representative is an individual or entity that acts on behalf of an Australian financial services licensee (AFSL) to provide financial services to clients.
Do I need an AFSL if I raise money?
Knowledge
19th April 2024
Usually, yes. The financial services rules were introduced to regulate the raising of money and promote transparency and accountability in financial transactions. They generally apply to anyone who is raising money by whatever means.
Common questions answered
Knowledge
19th April 2024
WHAT IS AN AFSL? AFSL stands for Australian Financial Services License. It is a license issued by the Australian Securities and Investments Commission (ASIC) that allows a company to carry…
Case Study: This property developer was told he doesn’t need an AFSL to raise money for his developments. The law says he does.
Knowledge
7th March 2024
In our article An AFSL is a legal requirement for virtually every person that raises money we explained that property developers who think they don’t need an AFSL to comply…
An AFSL is a legal requirement for virtually every person that raises money
Knowledge
21st December 2023
An Australian Financial Services License (AFSL) is a legal requirement for virtually every person that raises money. But considering its longevity and integral role it plays in the industry, it’s…
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