ASIC cancels AFS licence of Ricard Securities
On 4 November 2025 ASIC cancelled the Australian Financial Service Licence of Ricard Securities (Ricard) following the failure to pay its industry levies or an instalment of levy for the Compensation Scheme of Last Resort, and to meet statutory audit and financial reporting lodgement obligations for itself.
ASIC cancels AFS licence of Ricard Securities
On 4 November 2025 ASIC cancelled the Australian Financial Service Licence of Ricard Securities (Ricard) following the failure to pay its industry levies or an instalment of levy for the Compensation Scheme of Last Resort, and to meet statutory audit and financial reporting lodgement obligations for itself.
Ricard can continue to provide financial services until 24 December 2025 that are reasonably necessary or incidental to the winding up, transfer or day to day operations of any unregistered managed investment scheme for which it was the trustee on 24 October 2025.
Ricard is the trustee or issuer of at least eight investment vehicles including the following unregistered managed investment schemes:
- Property Investment Fund;
- Ethical Development Fund Australia Pty Ltd;
- Mortgage Income Fund and Equity Income Fund;
- Baron Monthly Income Limited;
- Ricard Securities Property Fund and Investment Fund No 1;
- JPFM Unit Trust-01; and
- Australian Commercial Mortgage Fund Pty Limited.
FD Legal would like to speak to investors who were recommended by their financial advisor to invest into unregistered managed investment schemes that Ricard was the trustee or issuer to discuss your circumstances and whether you have any rights to recover compensation on 1300 433 533 or enquiry@fdlegal.com.au
