ASIC has cancelled the Australian financial services (AFS) licence of Family Wealth Strategy Pty Ltd (489148).

The licence was cancelled on the basis that Family Wealth Strategy Pty Ltd is no longer carrying on a financial services business.

ASIC may cancel an AFS licence held by an individual or corporate entity if the person or entity ceases to carry on a financial services business.

Family Wealth Strategy Pty Ltd may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Background

Family Wealth Strategy Pty Ltd has held AFS licence 489148 since 30 May 2017.