A Sentry-aligned advice firm has received a winding-up order from the Australian Taxation Office, with the licensee saying it will wait for a determination before taking any action.
According to an ASIC insolvency notice, the ATO filed an application to wind up Victoria-based National Financial Planners (NFP) earlier this month. The Federal Court will hear the order in Melbourne on 8 March, the notice said.
In an email to ifa, a Sentry spokesperson said it was aware of the winding-up order and that the case does not involve any clients.
"We are awaiting the outcome of the application prior to taking any action at this time and we remain in regular contact with NFP," the spokesperson said.
"No clients are involved in this court process and we have no reason to believe that the clients of NFP have received anything other than a high standard of service and advice from our advisers."
ifa reported last month that the ATO had also tried to wind up AMP-aligned advice firm Blazer Wealth Management.
An AMP spokesperson said the application was the result of a "business administrative error", and confirmed that the firm has since resolved the issue.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 19 Oct 2018Life insurer fires 50, kills outbound sales businessBy James Mitchell
- 19 Oct 2018Strategic plan for AFCA releasedBy Eliot Hastie
- 18 Oct 2018Clique Paraplanning launches practice portalBy Reporter
- 18 Oct 2018Challenger announces new Netwealth dealBy James Mitchell
- 18 Oct 2018Aussies say royal commission won’t change their view of adviceBy James Mitchell
- 18 Oct 2018Hire younger advisers to get younger clients, paper suggestsBy Adrian Flores
- view all