Vanda Gould sees AFS license cancelled

tax/regulation/ASIC/

12 October 2021
| By Laura Dew |
image
image
expand image

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of former tax agent Vanda Gould.

The regulator said this was because Gould failed to maintain external dispute resolution membership with the Australian Financial Complaints Authority (AFCA).

Gould also failed to lodge profit and loss statements and balance sheets for the 2019 and 2020 financial years.

ASIC said Gould had held a AFSL since December 2003 but ASIC could suspend or cancel this if the licensee failed to meet their obligations.

The former Sydney tax agent had previously been convicted of attempting to pervert the course of justice via witness tampering and ran a global web of companies which dodged Australian tax, and was named as part of the Pandora Papers.

The Administrative Appeals Tribunal (AAT) had previously rejected an application by Gould to stay registered to the Tax Practitioners Board (TPB) in May 2019.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 3 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

3 days 12 hours ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3