ASIC Revokes Centre Capital Licenses for Levy Nonpayment
ASIC has cancelled the Australian financial services (AFS) and Australian credit (AC) licences of Centre Capital Securities Pty Ltd effective from 29 January 2026.
The licences were cancelled after Centre Capital Securities failed to pay industry funding levies which were outstanding for over 12 months for the 2017-18 to 2022-23 financial years.
Under s915B(3)(e) of the Corporations Act 2001 (Cth), and under section 54(1)(d) of the National Consumer Credit Protection Act 2009, ASIC may suspend or cancel an AFS or AC licence respectively, held by a body if the body is liable to pay a levy imposed by the ASIC Supervisory Cost Recovery Levy Act 2017 and has not paid that amount (consisting of the levy, any late payment penalty and any shortfall penalty) in full at least 12 months after the due date for payment.
ASIC granted AFS licence number 317799 to Centre Capital Securities on 21 December 2007.
It was authorised to deal in and provide financial product advice in relation to deposit and payment products, derivatives, debentures, stocks or bonds issued by government, life products, interests in managed investment schemes, retirement savings accounts, securities, margin lending and superannuation to retail and wholesale clients.
ASIC granted AC licence number 317799 to Centre Capital Securities on 18 February 2011.
It was authorised to engage in credit activities other than as a credit provider.
Centre Capital Securities has the right to appeal to the Administrative Review Tribunal for a review of ASIC's decisions.
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-020mr-asic-cancels-afs-and-ac-licences-of-centre-capital-securities-for-failure-to-pay-industry-funding-levies/
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