ASIC has cancelled the Australian financial services (AFS) licence of SME Crowdfunder Pty Ltd (SME).
The licence was cancelled because SME had ceased providing financial services and had not provided any financial services since September 2023.
The cancellation took effect on 2 May 2025.
SME may apply to the Administrative Review Tribunal for a review of ASIC’s decision.
Background
Under subsection 915B(3)(a) of the Corporations Act, ASIC may cancel an AFS licence held by a body corporate if it ceases to carry on a financial services business.
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