The GC Minute

The GC Minute

ASIC strips timeshare company of licence

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Marshall Hall
Oct 23, 2024
∙ Paid

The corporate policeman has cancelled the Australian financial services licence of troubled Gold Coast timeshare company Ultiqa Lifestyle Promotions.

It was arguably a hollow victory for the regulator because Ultiqa was placed into voluntary liquidation on 30 April 2021.

The Varsity Lakes-based Ultiqa had a chequered history with the Australian Securities…

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