ASIC has cancelled the Australian financial services (AFS) licence of Woodsdale Corporation Pty Ltd (AFSL 220133).
The licence was cancelled on the basis that Woodsdale Corporation Pty Ltd has not carried on a financial services business since 2017.
ASIC may cancel an AFS licence held by a body corporate without a hearing if the body ceases to carry on a financial services business.
Woodsdale Corporation Pty Ltd may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.
Background
Woodsdale Corporation Pty Ltd held AFS licence number 220133 since 9 July 2002.
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