What happened
ASIC cancelled the Australian credit licence of Zenoz Enterprises Pty Ltd (ACN 621 170 616), licence number 000544102. The cancellation was effective 3 July 2026.
Reasons for cancellation
The licence was cancelled on two grounds under the National Consumer Credit Protection Act 2009:
- Section 54(1)(b) - Zenoz Enterprises Pty Ltd stopped engaging in credit activities.
- Section 54(1)(d) - The company failed to pay its industry funding levies and late payment penalties for the 2023-2024 financial year, with the debt remaining unpaid for more than 12 months.
Levy obligations for credit licensees
Holding an Australian credit licence carries an annual industry funding levy obligation. Under section 54(1)(d) of the National Consumer Credit Protection Act 2009, ASIC's cancellation power is triggered when levies remain outstanding for more than 12 months.
Key actions
- Holders of an Australian credit licence who have stopped conducting credit activities are able to surrender their licence by contacting ASIC at asic.gov.au before unpaid levies accumulate.
- Industry funding levies for 2023-2024 and all prior years are required to be paid in full - overdue amounts outstanding for more than 12 months trigger ASIC's cancellation power under section 54(1)(d) of the National Consumer Credit Protection Act 2009.
- Authorised representatives and those working through a credit licensee are able to verify their licensee's licence status on the ASIC Connect register at connectonline.asic.gov.au before conducting any credit activities.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.