ASIC has cancelled the Australian credit licence of Financial Broking Consultants Pty Ltd.
Financial Broking Consultants was a finance broking business organising home, vehicle and low doc loans for consumers in the Maroochydore area in Queensland and more recently in Watsonia, Victoria.
ASIC cancelled its credit licence because Financial Broking Consultants breached a licence condition by failing to appoint an appropriate and competent person to operate the business, despite ASIC raising concerns with the company.
The delay and lack of engagement by Financial Broking Consultants over this issue suggested that it was likely to contravene further obligations under the National Consumer Credit Protection Act 2009 (Cth).
Financial Broking Consultants has not exercised its right to seek a review of ASIC's decision at the Administrative Appeals Tribunal.
Consumers should not deal with Financial Broking Consultants in relation to consumer loans including home loans, personal loans and car loans.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out