The Australian Securities & Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Superfast AM Pty Ltd, effective 13 February 2026, after becoming aware the firm had ceased carrying on a financial services business. To avoid adversely affecting former clients, the licence will remain in effect until 13 February 2027 solely for the purpose of Superfast maintaining membership of the Australian Financial Complaints Authority (AFCA). Superfast held AFS licence 283043 since 16 February 2005 and was authorised to provide financial product advice and deal in certain financial products to retail and wholesale clients. Clients of Superfast and its corporate authorised representatives, including Apex Financial Planning Pty Ltd and Echelon Financial Pty Ltd, are directed to consider lodging complaints with AFCA if they have concerns about adviser conduct or advice, with ASIC highlighting 13 February 2027 as the deadline for complaints relating to Superfast. The cancellation was made under section 915B of the Corporations Act 2001, and ASIC noted it forms part of an ongoing investigation involving Superfast and associated entities and individuals. Superfast may apply to the Administrative Review Tribunal for a review of ASIC’s decision.
Australian Securities & Investments Commission 2026-02-17
Australian Securities & Investments Commission cancels Superfast AM’s AFS licence after it ceased financial services business with AFCA coverage kept until 13 February 2027
The Australian Securities & Investments Commission (ASIC) has cancelled the Australian financial services licence of Superfast AM Pty Ltd, effective 13 February 2026, as the firm ceased its financial services business. The licence remains valid until 13 February 2027 to maintain membership with the Australian Financial Complaints Authority (AFCA) for client protection. ASIC's decision, part of an ongoing investigation, allows Superfast to seek a review by the Administrative Review Tribunal.