Overview
ASIC cancelled the Australian financial services (AFS) licence held by Macgill Financial Services Pty Ltd (ACN 096 357 630, licence number 416722) on 29 November 2024. The reason stated is that the company ceased to carry on a financial services business.
Licence details
- Licence holder: Macgill Financial Services Pty Ltd
- ACN: 096 357 630
- Licence number: 416722
- Licence originally granted: 28 February 2012
- Cancellation date: 29 November 2024
Legal basis
ASIC holds the power to cancel an AFS licence where a licensee has ceased to carry on a financial services business. This power is exercised under section 915B of the Corporations Act by giving written notice to the licence holder.
Right of appeal
Macgill Financial Services Pty Ltd has the right to appeal the cancellation decision to the Administrative Appeals Tribunal.
Checking licence status
ASIC's public register at asic.gov.au lists the current licence status of financial services providers.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.