Lanterne Fund Services has been ordered to pay a $1.25 million fine after the Federal Court ruled the AFSL failed in its obligations to have sufficient processes in place as a licensee. The court took mercy after the group took steps to remediate process, leading to a smaller penalty than the regulator initially sought.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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