ASIC Suspends AFS Licence of Central Accord for 6 Months | LeapRate
Australia’s corporate regulator said Monday that it has suspended the Australian financial services licence of Central Accord Pty Ltd for six months, after finding the company was no longer carrying on a financial services business.
The Australian Securities and Investments Commission revealed that the suspension took effect on 30 July 2026 and runs until 4 February 2027.
If Central Accord is able to recommence its financial services business before the suspension expires, it can make submissions to ASIC requesting that the order be revoked, the regulator noted
Under the Corporations Act, ASIC may suspend or cancel a licence if the company ceases to carry on a financial services business.
The regulator added that Central Accord first came to its attention after the Australian Financial Complaints Authority notified it that the company had been expelled as an AFCA member for failing to pay invoices that were more than 12 months overdue.
Financial services licensees are required to hold membership of the AFCA scheme under the Corporations Act.
Central Accord held its AFS licence since 28 March 2003. The company is able to apply to the Administrative Review Tribunal for a review of ASIC’s decision.
