ASIC has cancelled Australian financial services licence 543780 held by Kyle Clifford Frost, effective 15 October 2026. In its 21 October announcement, the regulator cited failures to cooperate with the Australian Financial Complaints Authority, lodge financial statements, pay statutory levies and comply with reporting obligations.[1]
Entities & regulation01
ASIC’s decision record
| Item | Published position |
|---|---|
| Licensee | Kyle Clifford Frost, NSW |
| Licence | AFS 543780; held since 15 November 2022 |
| Former scope | Financial advice and dealing for retail and wholesale clients |
| Cancellation date | 15 October 2026 |
| Legal basis | Section 915C of the Corporations Act 2001 |
| Review route | Right to apply to the Administrative Review Tribunal |
The effective date is earlier than the public announcement. The review right is also distinct from the decision’s status: ASIC’s notice does not say an application has overturned or stayed the cancellation. It does not publish a quantified customer-loss finding or a criminal conviction in this matter.[1]
Sources & further reading
- 26-251 MR ASIC cancels AFS licence of Kyle Clifford Frost Australian Securities and Investments Commission · 21 Oct 2026 · Accessed 26 Oct 2026