Covesta Financial Services Limited
This is the public ASIC register record for Covesta Financial Services Limited's Australian Financial Services Licence. Review the status, authorisations and conditions below, and confirm anything time-critical on ASIC Connect.
Licence overview
- AFSL
- 503629
- Status
- Current
- Issued
- 2018-12-05
- ABN
- 74 621 639 021
- Location
- WOOLLAHRA, NSW
Authorised financial services
Licence conditions31 items
This licence authorises the licensee to carry on a financial services business to:
provide general financial product advice for the following classes of financial products:
interests in managed investment schemes excluding investor directed portfolio services; and
securities;
deal in a financial product by:
issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:
derivatives restricted to derivatives utilised for the management of financial risk (hedging) which only have the purposes of:
management or mitigation of the financial consequences of particular circumstances happening; or
avoiding or limiting the financial consequences or fluctuations, in or in the value of, receipts or costs (including prices and interest rates);
interests in managed investment schemes excluding investor directed portfolio services; and
securities; and
applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:
deposit and payment products limited to:
basic deposit products;
deposit products other than basic deposit products;
derivatives restricted to derivatives utilised for the management of financial risk (hedging) which only have the purposes of:
management or mitigation of the financial consequences of particular circumstances happening; or
avoiding or limiting the financial consequences or fluctuations, in or in the value of, receipts or costs (including prices and interest rates);
general insurance products;
debentures, stocks or bonds issued or proposed to be issued by a government;
interests in managed investment schemes excluding investor directed portfolio services; and
securities;
operate the following kinds of registered managed investment schemes (including the holding of any incidental property) in its capacity as responsible entity:
"Snug Collective Investment Fund" scheme (ARSN: 685 898 775),
a scheme which only holds the following types of property:
direct real property;
financial assets; and
mortgages; and
provide the following custodial or depository services:
operate custodial or depository services other than investor directed portfolio services;
to retail and wholesale clients.
Frequently asked questions about AFSL 503629
What is AFSL 503629?
AFSL 503629 is the Australian Financial Services Licence held by Covesta Financial Services Limited, recorded on ASIC's AFSL register.
Is this licence current?
On the latest public ASIC data shown here, AFSL 503629 is current and active. Status can change, so confirm on ASIC Connect for time-critical decisions.
What is this licensee authorised to do?
Under AFSL 503629, the licensee is authorised for Custodial Services, Deposit Products, Derivatives, General Insurance, Managed Investments and Securities. The exact authorisations and conditions are listed above.
How do I verify AFSL 503629?
Look up the company or AFSL 503629 on ASIC Connect, then compare the status and details there with this page.
Is this the official ASIC register?
No. AFSL Search is an independent lookup tool built on public ASIC register data — not affiliated with ASIC. Rely on ASIC Connect for official confirmation.