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A brokerage with offices in five states has beaten a liquidation threat, ASIC has confirmed.
Rapid Finance was on the brink of collapse after the Australian Taxation Office filed a winding-up application against the company.
However, ASIC has now confirmed that the application has been dismissed.
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Director Michael Cullinan did not respond to The Adviser’s requests for comment.
Rapid Finance has 11 staff and offices in Melbourne, Sydney, Brisbane, Perth and Adelaide, according to its website.
The firm offers residential finance, vehicle loans, personal loans and equipment loans as well as insurance, the site states.
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