ASIC has suspended the Australian financial services (AFS) licence of First City Corporate Advisory Services Pty Limited (First City) for failing to lodge its annual financial statements and audit reports.
The suspension, in place until 27 March 2024, provides First City with an opportunity to meet its outstanding compliance obligations.
If First City has not complied with its outstanding obligations by the end of the suspension period, ASIC will consider cancelling its AFS licence. The suspension took effect on 3 October 2023.