The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Australian Fiduciaries Limited following a payment by the Compensation Scheme of Last Resort (CSLR).

On 30 January 2026, the Australian Financial Complaints Authority (AFCA) made a determination against Australian Fiduciaries, which Australian Fiduciaries failed to pay.

Subsequently, on 12 June 2026, the CSLR made a payment of $150,000 for the AFCA determination and notified ASIC. As a result, on 2 July 2026, ASIC cancelled the Australian financial services licence of Australian Fiduciaries.

ASIC is required to cancel the AFS licence of a licensee where that licensee fails to pay an AFCA determination and the CSLR subsequently pays compensation.

The cancellation is not subject to discretion or merits review.

In making the cancellation order, ASIC has specified that Australian Fiduciaries is to maintain its membership with AFCA for a further 12 months, to 19 June 2027 so that complaints about Australian Fiduciaries can still be lodged with AFCA.

AFCA has advised ASIC that because Australian Fiduciaries is now in liquidation, AFCA will only consider complaints about it which fall within scope of the Compensation Scheme of Last Resort (for example where it relates to personal financial advice).

Australian Fiduciaries was an Australian financial services (AFS) licensee with licence number 465658, based in Queensland and the responsible entity of three registered managed investment schemes – the Global Diversified Alpha Fund, the Global Multi-Strategy Fund and the Global All Seasons Fund.