ASIC has suspended the Australian financial services (AFS) licence of Centurion Capital Limited (Centurion) until 21 April 2026.
The AFS licence was suspended because Centurion failed to meet its statutory audit and financial reporting lodgement obligations for the company and the BTR Real Estate Investment Fund (Fund) for the financial years ending 2022, 2023 and 2024.
At the end of the suspension period, ASIC may take further action if Centurion fails to rectify these breaches.
Centurion may apply to the Administrative Review Tribunal for a review of ASIC's decision.
Background
Centurion has held an AFSL since 22 December 2009. The licence authorises Centurion to provide financial product advice and deal in a range of financial products, operate the Fund and provide custodial and depository services to retail and wholesale clients.
