SR Group Australia

Stephen Vick



In June 2023, Brisbane financial adviser Stephen Garry Vick from providing financial services, performing any function involved in the carrying on of a financial services business, and controlling an entity that carries on a financial services business, for five years.



Stephen Vick was an Authorised Representative of Madison Financial Group Pty Ltd.



SR Group are exploring the possibility of undertaking recovery action on behalf of affected investors. If you are a current or former investor of Stephen Vick’s, we would like to hear from you.



Please visit the link below to arrange a cost and obligation free discussion of your circumstances and the actions that may be available to you.

https://www.srgroup.com.au/contact-us.html

Foxi Capital



In June 2023, ASIC banned the director of Foxi Capital AU Pty Ltd and authorised representative of Responsible Entity Services Ltd, Shaun Fox from providing financial services and being involved in carrying on such a business for a period of eight years.



SR Group are exploring the possibility of undertaking recovery action on behalf of affected investors. If you are a current or former investor in Foxi Capital (formerly known as RAIC Pty Ltd), we would like to hear from you.



Please visit the link below to arrange a cost and obligation free discussion of your circumstances and the actions that may be available to you.

https://www.srgroup.com.au/contact-us.html

Global Pacific Solutions



In March 2023, ASIC suspended the Australian financial services (AFS) licence of Global Pacific Solutions Group Pty Ltd for three years, after finding that Global Pacific failed to ensure that the financial services it provided were done so efficiently, honestly and fairly.



SR Group are exploring the possibility of undertaking recovery action on behalf of affected investors. If you are a current or former investor in Global Pacific, we would like to hear from you.



Please visit the link below to arrange a cost and obligation free discussion of your circumstances and the actions that may be available to you.

https://www.srgroup.com.au/contact-us.html

Skynet Financial Services



In April 2023, ASIC permanently banned Skynet Financial Services Pty Ltd director Terence Rio Nugara, of Melbourne, Victoria, from providing financial services.



SR Group are exploring the possibility of undertaking recovery action on behalf of affected investors. If you are a current or former investor in Skynet Financial Services, we would like to hear from you.



Please visit the link below to arrange a cost and obligation-free discussion of your circumstances and the actions that may be available to you.

https://www.srgroup.com.au/contact-us.html

Binance



In April 2023, ASIC cancelled the Australian financial services licence held by Oztures Trading Pty Ltd, trading as Binance Australia Derivatives (Binance).



SR Group are exploring the possibility of undertaking recovery action on behalf of affected investors. If you held an account with Binance and believe you lost money due to their licence cancellation, we would like to hear from you.



Please visit the link below to arrange a cost and obligation-free discussion of your circumstances and the actions that may be available to you.

https://www.srgroup.com.au/contact-us.html

AGM Markets


In November 2018, ASIC cancelled the Australian financial services (AFS) licence of the retail OTC derivative issuer, AGM Markets Pty Ltd and have frozen the assets and bank accounts of AGM and its two former representatives OT Markets Pty Ltd and Ozifin Tech Pty Ltd.

SR Group are exploring the possibility of undertaking recovery action on behalf of affected investors. If you are a current or former investor in AGM Markets, OT Markets or Ozifin Tech we would like to hear from you.

Visit the link below to arrange a cost and obligation-free discussion of your circumstances and the actions that may be available to you.

https://www.srgroup.com.au/contact-us.html

A married couple with two children, were approached with a proposal to purchase an investment property in a regional Australian town.

By the time SR Group met the couple, they were living in rental accommodation with their children, while continuing to pay down the sizeable loan on their investment property.

Read their story below.

Inappropriate Lending & Mortgage Hardship Read how SR Group helped a young family overcome financial hardship after experiencing inappropriate lending practices.

WIN OF THE WEEK 💪🏽

Our client owned and operated a successful solar panel installation and maintenance business that operated across NSW and Victoria. Unfortunately, COVID inhibited the business’ ability to trade and was placed into voluntary administration and subsequently liquidation.

The director had personally guaranteed 4 trade creditors in the vicinity of $200,000.00. Through successful negotiations, SR Group was able to settle the debts owing for $25,000.00 allowing our client to rebuild his future.

You don't have to do this alone. Reach out to our team for a confidential and zero obligation initial consultation (02) 8304 9300 or email [email protected].

We are always so humbled by your positive feedback.

Our aim is to help you gain control of your situation and I think its fair to say, after a difficult and unprecedented time, our client has their control back!

On 25 May 2022, the Remi Capital Group of Companies (formerly C2 Capital) were placed into Voluntary Administration, with $61.29 million outstanding and owing to investors.



SR Group are undertaking potential recovery action on behalf of affected investors. If you are a current or former investor in Remi Capital Pty Ltd and/or the Remi Capital Group of Companies, we would like to hear from you.



Please visit the link below to arrange a cost and obligation free discussion of your circumstances and the actions that may be available to you.


https://www.srgroup.com.au/remicapital.html

Were YOU or someone you know a victim of Anne Street Financial Services or former Advisor, Craig Gore?

Whilst it may have been some time ago, there is an avenue to obtain compensation.

Please do not delay in contacting us to assist you!

It is becoming apparent the ATO is starting to escalate its enforcement activity. Following a two-year ‘soft-touch’ approach in response to the pandemic, the ATO has already issued 80,000 Director Penalty Notice warning letters to encourage directors to attend to their tax affairs.

It now appears the ATO will look to apply the blowtorch in October and initiate winding up applications and bankruptcy petitions.

It is crucial for directors who are experiencing tax difficulties to act quickly.

If you or your client requires assistance, please reach out to us for a cost and obligation-free consultation.

SRG has again successfully negotiated the remission of ATO interest charges - close to $50,000 - and organised an interim payment arrangement on behalf of our client.

The General Practioner can now restructure its practice while continuing to meet its tax ongoing obligations.

Call us today to see how we can help! (02) 8304 9300

The ATO continues to ramp their collection activity and is said to be issuing 30 to 40 Director Penalty Notices (DPN) a day.

If you or a client is issued a DPN, it is essential you act immediately.

http://ow.ly/XFQ850J6Ze4

ATO issuing 30-40 penalty notices a day - and rising Office steps up debt collection with scores of Director Penalty Notices and hundreds of credit referrals. The ATO is sending out 30-40 Director Penalty Notices every day and has already referred near

If you were a client of John Doyle, an authorised representative of R I Advice, we would like to hear from you.

There may be ways of obtaining redress and we would like to discuss them with you.

(02) 8304 9300

Are you a director? Are you falling behind with your PAYG, GST and SGC commitments? You could be personally liable and it is important to act now!

http://ow.ly/rLQE50IziVA

Director penalty notice regime affected by major change - Worrells Solvency & Forensic Accountants A major change has resulted from the recent Federal Circuit and Family Court of Australia decision in Clifton (Liquidator) v Kerry J Investment Pty Ltd trading as Clenergy [2020] FCAFC 5. It found that entering into a payment arrangement does not cause a tax debt which is due and payable to cease to...

Thank you so much for this wonderful feedback, Adrian!

The wait for the implementation of the Compensation Scheme Last Resort (CSLR), marred with carve outs and delays, continues.

Despite the support of the opposition, this sitting period the Government has once again failed to legislate the watered down CSLR.

Affected consumers continue to wait with angst for the Government to deliver on its promises from February 2019.

Dudded customers thrown on the political scrap heap as promises broken Laws to implement one of the last remaining measures from the banking royal commission, a scheme of compensation of last resort for dudded customers, fell over this week.

Protect yourself from scams!

There are actions you can take to stay alert and lower your risk of losing money as a result of scam activity.

Read more below:

https://www.srgroup.com.au/news/protecting-yourself-from-scams

Protecting yourself from SCAMS! ​You might have noticed an uptick in suspicious messages and calls lately as scammers utilise new and creative tactics. A recent theme is impersonating legitimate financial institutions and...

Are you or were you a customer of AMP, ANZ, CBA, Macquarie, NAB, or Westpac from 2009? You may be one of the millions of customers eligible for compensation from these institutions as part of their remediation programs following two major ASIC reviews.

It is believed a significant portion of the $3 billion on offer is yet to be claimed.

We recommend you read the link below and if you feel that you might fit the criteria, contact your financial institution.

https://7news.com.au/business/finance/australian-banks-and-financial-institutions-offer-compensation-to-millions-of-customers-after-asic-review-c-5713768

You may be eligible for thousands in compensation from your bank - but you may not know it The country’s biggest banks and financial institutions are handing out billions of dollars to customers. Here’s what you need to know.

While 2022 presents new and exciting opportunities, it also brings greater urgency for consumers to address and resolve their ongoing financial disputes.

The Australian Financial Complaints Authority (AFCA) is the Ombudsman for the financial services industry, providing a free, independent dispute resolution service. AFCA works to resolve disputes between consumers and financial firms quickly and without the need for lawyers or courts. AFCA Ombudsmen issue determinations to remedy complaints, which can include awarding compensation, reinstating contracts and policies, and/or taking no action.

AFCA’s Rules stipulate that time limits apply between the date of the incident giving rise to complaint and the date the complaint is lodged with AFCA. Complaints must be lodged within the specified time frame to be eligible for AFCA to resolve the dispute and award any compensation required.

At 1 February 2022, the relevant time frame for complaint lodgement are as pictured.

Complaint time frames may vary across circumstances. For full time limits, please refer to the AFCA Rules (Rules and guidelines | Australian Financial Complaints Authority (AFCA)) or contact the SR Group for a cost and obligation free discussion about your circumstances and available options.

We are looking for a passionate and enterprising BDM in Sydney to join our team! Read more about our current opportunity by following the link below.

Know someone who might be a good fit? SHARE THIS POST! 👏

http://ow.ly/eFGe50HIX9q

WE ARE HIRING!

New year, new job? Take a peek at our most recent opportunity.

https://www.seek.com.au/Job/55463619/?cid=ios-share

Business Development Manager / Sales - Debt Management and Corporate Advisory Job in Sydney We are looking for a passionate and enterprising BDM in Sydney to work closely with our General Manager, Advisory Manager, and the wider Business Development team to rapidly grow our client base.