We have moved
Effective 1 July 2024 our Perth office has relocated to: Level 14 QV1 Building, 250 St Georges Terrace, Perth
All other contact information remains unchanged.
Effective 1 July 2024 our Perth office has relocated to: Level 14 QV1 Building, 250 St Georges Terrace, Perth
All other contact information remains unchanged.
In a surprising turn of events, as part of its Federal Budget announcement, the Federal Government has promised to consult on options to “restore previously well-established regulatory relief for foreign financial service providers”. This backflip comes only months after the Australian Securities and Investments Commission (ASIC) had finalised a new licensing regime due to commence on 31 March 2022 – as discussed in our earlier March article.
ASIC’s new regime may now not go ahead as the Government proposes:
Whilst these changes are welcome, ASIC has not yet commented and time is running short for FFSPs to determine their course of action in the Australian market.
Please contact us in our Perth office on +61 8 9321 4000 or our Melbourne office on +61 3 9111 9400 if you have any questions on financial services licensing.