The Australian Securities & Investments Commission has suspended the Australian financial services licence of MW Planning Pty Ltd until 8 June 2026 after finding the firm did not meet its organisational competence and human resources obligations by failing to appoint a new responsible manager following the banning of its existing responsible manager. The suspension followed ASIC’s banning of Robert John Tohill on 25 August 2025, after which MW Planning did not replace him. ASIC also found MW Planning failed to lodge required financial statements and an auditor opinion for the 2024 financial year and did not report those failures to ASIC. During the suspension, MW Planning must remain a member of the Australian Financial Complaints Authority and maintain professional indemnity insurance. MW Planning may apply to the Administrative Review Tribunal for review of ASIC’s decision.
Australian Securities & Investments Commission 2025-12-11
Australian Securities & Investments Commission suspends MW Planning’s AFS licence until 8 June 2026 for failing to replace banned responsible manager
The Australian Securities & Investments Commission (ASIC) has suspended MW Planning Pty Ltd's financial services licence until June 2026 for non-compliance, including not appointing a new responsible manager after Robert John Tohill's banning. MW Planning also failed to submit 2024 financial statements and an auditor opinion or report these failures to ASIC. During the suspension, MW Planning must remain a member of the Australian Financial Complaints Authority and maintain professional indemnity insurance.