The corporate regulator has cancelled the Australian Financial Services licence of CPG Research & Advisory Pty Ltd, effective from 2 October 2025, after finding the firm had ceased to carry on a financial services business and had failed to pay industry funding levies that were overdue for more than 12 months.
CPG had held AFS Licence number 243361 since 28 January 2004. The licence authorised the company to deal in, and provide financial product advice on, deposit and payment products, debentures, bonds, interests in managed investment schemes (excluding investor directed portfolio services), securities and superannuation to wholesale clients.
Under the Corporations Act 2001, ASIC can suspend or cancel an AFS licence if a licensee ceases to carry on a financial services business. ASIC may also suspend or cancel a licence where a body is liable to pay a levy imposed by the ASIC Supervisory Cost Recovery Levy Act 2017 and has not paid that amount in full at least 12 months after it fell due.
ASIC said CPG has the right to seek a review of the decision by the Administrative Review Tribunal.
The cancellation means CPG can no longer provide financial services that require an AFS licence from the effective date. The decision forms part of ASIC’s industry funding framework, under which licensees are required to pay annual levies to recover the regulator’s regulatory costs.
