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ASIC cancels licence of Calaite Capital Partners
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ASIC Cancels Calaite Capital Partners Licence
The move comes after compensation was paid to consumers under the Compensation Scheme of Last Resort (CSLR). ASIC said Calaite Capital failed to comply with two determinations issued by the Australian Financial Complaints Authority (AFCA) on 8 July and 31 October 2024. The firm did not pay the required compensation, prompting the CSLR to step in on 2 April 2025 with payments totalling $267,235.57. As required by law, ASIC cancelled the firm’s A…
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