ASIC secures orders to wind up Audrn Group and Optima Lending Solutions

Maria Nikolova

The regulator has concerns about the conduct of the affairs of these companies and their solvency.

The Australian Securities and Investments Commission (ASIC) today announces that it has obtained orders to wind up two financial services companies – Audrn Group Pty Ltd and Optima Lending Solutions Pty Ltd.

The Federal Court of Australia in Melbourne has ordered that Audrn and Optima be wound up. The Court has issued orders whereby Michael Hill and Anthony Connelly of McGrathNicol are appointed as joint and several liquidators of both Audrn and Optima.

Th regulator applied to have Audrn wound up back in February 2020, and on March 6, 2020, ASIC applied to have Optima wound up.

The regulator commenced the proceedings to protect the public in circumstances where it holds concerns about the conduct of the affairs of these companies and their solvency.

ASIC’s investigations into both companies are ongoing.

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