ASIC Cancels AFS Licence of The Silverfern Group Pty Ltd

ASIC exercised its regulatory power under the Corporations Act to cancel the AFS licence of The Silverfern Group Pty Ltd (AFSL 382641), effective 8 April 2026. The cancellation was consensual and followed ASIC's enquiries into the entity's non-compliance with statutory reporting obligations, audit requirements and fee payment duties. Silverfern had remedied these compliance deficiencies before the cancellation proceeded.\n\nFinancial services clients and counterparties of Silverfern should immediately review their arrangements as the entity is no longer authorised to carry on financial services business in Australia. Any ongoing financial advice, managed investment schemes, or other regulated activities must be transitioned to another licensed provider. This action demonstrates ASIC's continued focus on licensee compliance with reporting and fee obligations, even where entities choose to exit the market voluntarily.