ASIC has cancelled the Australian financial services (AFS) licence of Rizzak Capital Pty Ltd (Rizzak Capital).

The licence was cancelled because Rizzak Capital failed to comply with the key person condition of its AFS licence and failed to lodge its financial statements and audit opinions for the financial years ended 30 June 2020 and 30 June 2021.

Rizzak Capital may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Background

Rizzak Capital Pty Ltd has held AFS licence no. 429966 since 30 January 2013.