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ASIC cancels property spruikers' credit licence

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Australian Broker | 06 May 2015, 11:40 AM Agree 0
ASIC has cancelled the credit licence of a company pushing SMSF property investment
  • Clarke Kent | 06 May 2015, 11:51 AM Agree 0
    The lenders' prudent compliance checks prior to documentation should ensure the structure and ownership were compliant.
  • Perth Broker | 06 May 2015, 11:59 AM Agree 0
    About Time they did that!!! Why does it take so long to take action against big companies like that.
    They now should have a good look at the relationship of brokers with Investment clubs /Investment Companies as they would have some nasty surprises there too.
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