ASIC cancels AFS licence of Indie Advice
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider Indie Advice Pty Ltd.
The licence cancellation took effect on 19 January 2024.
The licence was cancelled after ASIC became aware that Indie Advice had not been providing financial services for some time. Under the Corporations Act, ASIC may suspend or cancel an AFS licence if the licensee has ceased providing financial services.
Indie Advice has held AFS licence no. 511786 since 23 October 2018. It was authorised to provide financial product advice to retail and wholesale clients.
The licence continues in effect until 30 June 2024 for the purpose of keeping internal and external dispute resolution schemes operating.