ASIC has suspended the Australian financial services (AFS) licence of MW Planning Pty Ltd until 8 June 2026.
ASIC suspended MW Planning's licence for not meeting its organisational competence and human resources obligations when it failed to appoint a new responsible manager following ASIC's banning of its existing responsible manager, Robert John Tohill, on 25 August 2025.
ASIC also found that MW Planning had failed to:
- lodge required financial statements and an auditor opinion for the 2024 financial year, and
- report its failures to ASIC.
ASIC has specified that MW Planning must remain a member of the Australian Financial Complaints Authority and maintain professional indemnity insurance cover during the suspension period.
MW Planning has the right to apply to the Administrative Review Tribunal for a review of ASIC's decision.
Background
MW Planning holds AFS licence number 312489.
MWL Financial Group Pty Ltd (in administration) is the parent company of MW Planning Pty Ltd and MWL Financial Services Pty Ltd (in liquidation).
On 25 August 2025, ASIC cancelled the AFS licence held by MWL Financial Services (25-181MR) and banned its responsible manager and compliance manager, Robert John Tohill (25-180MR). Mr Tohill was also the responsible manager for MW Planning.
