The corporate regulator has extended its suspension of BBY's Australian financial services licence (AFSL) until 28 May 2019.
However, the AFSLs of BBY Advisory and SmarTrader – which were suspended for three years on 28 May 2015 – have now been cancelled.
BBY was placed in liquidation in May 2015 after the company was unable to repay a $6 million loan to St George Bank.
In its statement, ASIC said the suspension of the BBY Ltd had been extended for four reasons:
BBY and its subsidiaries have the right to seek a review of ASIC's decision at the Administrative Appeals Tribunal.
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