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

 

MARKET INSIGHTS

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

Ross Smith

I have been making this advocation for more than 10 years, that banning a financial adviser like this is hopeless like a...

7 hours 41 minutes ago
Simon

...and not to forget if I'm a butcher, a baker, or candle stick maker then I'm a 'Qualified Adviser'!!! - sorry couldn't...

8 hours ago
Chris Cornish

Needed to add - "consult heavily with the market " ... but don't publish or listen to submissions if they differ from ou...

1 day 10 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

10 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND