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Taskforce recommendations to tighten licensing application process

Taskforce recommendations to tighten licensing application process

Recommendations from a government taskforce could make AFS licence applications even stricter, despite ASIC’s approval rate currently sitting at a low 40 per cent.

  • Shared by Accountants Daily
  • July 08, 2019
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The Fold Legal head of licensing Sonia Cruz said ASIC tends to reject around 30 per cent of all AFS licence applications and 24 per cent of credit licence applications.

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