The Australian Securities & Investments Commission (ASIC) has cancelled The Silverfern Group Pty Ltd’s Australian financial services (AFS) licence on the basis that the firm had ceased carrying on a financial services business. The cancellation was made with Silverfern’s consent following ASIC enquiries into non-compliance with statutory reporting and audit requirements and failure to pay ASIC fees, which the firm resolved prior to the cancellation. ASIC noted it may cancel an AFS licence held by a body corporate without a hearing where the body has ceased to carry on the financial services business, and that Silverfern had held AFS licence 382641 since 9 July 2009.
Australian Securities & Investments Commission2026-04-08
Australian Securities & Investments Commission cancels The Silverfern Group’s Australian financial services licence after it ceased carrying on business
The Australian Securities & Investments Commission has cancelled The Silverfern Group Pty Ltd’s Australian financial services licence after determining the firm had ceased carrying on a financial services business. The cancellation, made with Silverfern’s consent, followed ASIC enquiries into earlier non-compliance with statutory reporting and audit requirements and unpaid ASIC fees, which were resolved prior to cancellation.