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The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of Centurion Capital Limited until 21 April 2026 due to repeated failures to lodge key financial reports.
Centurion failed to submit statutory audit and financial reports for both the company and its managed BTR Real Estate Investment Fund for the financial years ending 2022, 2023, and 2024.
These breaches represent non-compliance with ongoing AFS licence obligations under the Corporations Act 2001.
ASIC has warned that further action may be taken if Centurion does not rectify the outstanding breaches before the end of the suspension period. The company has the right to apply for a review of ASIC’s decision at the Administrative Appeals Tribunal.
The regulator’s decision underscores its strengthened enforcement approach towards financial services licensees, particularly surrounding lapses in reporting and operational activity. According to ASIC guidance, licensees that do not carry on a financial services business for six months may have their AFS or credit licence immediately cancelled.
In line with these powers, ASIC has been active in pursuing licensees that fail to meet lodgement and activity requirements, viewing non-compliance as a significant risk to investor protection and market integrity. The case of Centurion exemplifies how ASIC is acting decisively to enforce these obligations.
Centurion has held an AFS licence since 22 December 2009, allowing it to provide financial product advice, operate a registered scheme, and offer custodial and depository services to both retail and wholesale clients.
ASIC continues to remind licensees of their obligations to submit financial statements, audit reports and comply with all operational criteria, or risk suspension or cancellation of their licences.
