Overview
The Australian Securities and Investments Commission (ASIC) suspended the Australian financial services (AFS) licence of Equitise Pty Ltd, a crowd-funding platform serving retail and wholesale clients. The suspension followed Equitise entering voluntary administration on 31 October 2024.
Administrators appointed
Mohammad Mirzan Bin Mansoor and Damien Mark Hodgkinson of Olvera Advisors Pty Ltd were appointed as joint administrators.
Timeline of ASIC actions
- The licence was initially suspended to run until 10 February 2025.
- The suspension was extended to 10 April 2025.
- The suspension was extended again to 10 April 2026.
- On 14 May 2026, ASIC cancelled the licence entirely.
Review rights
Equitise has the right to apply to the Administrative Review Tribunal to challenge the cancellation decision.
Key actions
- Parties who used the Equitise crowd-funding platform or have funds tied up with the company are directed by ASIC to contact the administrators - Mohammad Mirzan Bin Mansoor and Damien Mark Hodgkinson at Olvera Advisors Pty Ltd - directly for further information about the administration.
- Equitise or a related party seeking to challenge the licence cancellation can apply to the Administrative Review Tribunal for a review of ASIC's decision.
- Further updates are available on the ASIC media release page.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.