Australia cancels licence of Queensland’s Thistle Financial Group
It has reportedly ceased to carry on a financial services business.
The Australian Securities and Investments Commission (ASIC) has cancelled the license of Thistle Financial Group effective 7 May 2025.
The Queensland-based financial services provider has reportedly ceased to carry on a financial services business, according to ASIC.
ASIC 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.
Thistle Financial Group has held an AFS Licence 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 would have the right to appeal ASIC’s decision.
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