ob体育 has cancelled the Australian financial services (AFS) licence of Queensland-based financial services provider Thistle Financial Group Pty Ltd ACN 610 316 053 (Thistle Financial Group) effective from 7 May 2025.
The AFS Licence was cancelled after ob体育 became aware that Thistle Financial Group had ceased to carry on a financial services business. ob体育 may suspend or cancel an AFS Licence if the licensee ceases to carry on a financial services business under section 915B of the Corporations Act.
Background
Thistle Financial Group held AFS Licence number 484742 since 22 July 2016. It was authorised to carry on a financial services business to deal and provide financial product advice to both retail and wholesale clients.
Thistle Financial Group has the right to appeal to the Administrative Review Tribunal for a review of ob体育's decision.