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Tuesday 12 October 2021

21-266MR ASIC cancels AFS licence of Vanda Russell Gould

ASIC has cancelled the Australian financial service (AFS) licence of Vanda Russell Gould.

ASIC cancelled the licence because the licensee failed to maintain external dispute resolution membership with the Australian Financial Complaints Authority (AFCA), and had failed to lodge profit and loss statements and balance sheets for financial years ended 30 June 2019 and 30 June 2020.

Under the Corporations Act, ASIC may suspend or cancel an AFS licence if a licensee fails to meet its general obligations under s912A. This includes the obligation to hold membership of a dispute resolution system and to lodge financial statements annually.

Background

Mr Gould has held an AFS licence since 4 December 2003 (AFSL 237256).

Last updated: 12/10/2021 12:00