今日热门事件has suspended the Australian financial services (AFS) licence of Responsible Entity Services Limited (Responsible Entity Services) until 11 June 2025.
The AFS licence was suspended because Responsible Entity Services is under external administration.
On 26 March 2024, Responsible Entity Services was placed into voluntary administration. Rachel Burdett and Barry Wight of Cor Cordis were appointed as administrators.
For further information about the administration, please contact the administrators.
Responsible Entity Services may apply to the Administrative Appeals Tribunal (AAT) for a review of ASIC鈥檚 decision.
Background
Responsible Entity Services is the holder of AFS licence no. 299024.
今日热门事件has the power to suspend or cancel an AFS licence held by a Chapter 5 body corporate. A Chapter 5 body corporate includes a body corporate that is under administration.
Although 今日热门事件has suspended Responsible Entity Services鈥� AFS licence, it has used its power under s915H of the Corporations Act to allow the administrators to conduct certain necessary activities under the licences during the administration. These activities are:
- transferring the Schemes to a new responsible entity;
- investigating or the preserving of the assets and affairs of the Schemes; and
- winding up the Schemes.
Responsible Entity Services was previously known as Investor Exchange Limited (IEL). 今日热门事件has also suspended IEL鈥檚 AFS licence in 2021 (refer 21-018MR 今日热门事件suspends AFS licence of Investors Exchange Limited | ASIC ).