Australian Securities and Investments Commission

Any Correspondence Or Communications Passing Between ASIC And MFG With Respect To The ASIC Investigation.

FOI 259-2024 Released 78 pages PDF

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ASIC correspondence with Madison Financial Group (AFSL 246679) from February-March 2019 regarding a section 912C notice issued under the Corporations Act. The notice sought information from Madison Financial Group, with ASIC issuing formal documentation on 25 February 2019 and the firm confirming receipt the following day. Madison subsequently requested a one-week extension to the response deadline, citing annual leave within an associated entity (Nexus Private Financial Planning Pty Ltd) affecting the team member assisting with the response. The extension was sought to move the deadline from 18 March to 25 March 2019. No specific misconduct allegations or compliance breaches are detailed in these excerpts; the correspondence reflects routine regulatory information-gathering procedures under ASIC's licensing oversight powers.

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