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The Federal Court has ordered the wind up of two unlicensed financial services businesses which ASIC alleges provided direct property development investment opportunities to SMSF investors.
In a public statement, ASIC announced that the Federal Court has ordered the wind up of unlicensed SMSF financial services businesses, including Secure Investments Pty Ltd, and a property development investment firm called Aquila Group Pty Ltd.
Read more at SMSF Adviser.