The Australian Securities and Investments Commission has cancelled the Australian financial service licence of the Sydney-based Flowers Financial Management.
The company sold its financial business in November 2011 and chartered accountancy firm Hall Chadwick were appointed liquidators on 15 January 2013.
Under the Corporation Act 2001, the regulator is allowed to suspend or cancel an AFS licence held by a body corporate if the body becomes an externally administered body.
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