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Licence record

GMCU: ASIC licence 241364

Issuing authority
Australia Securities & Investment Commission
Jurisdiction
Australia
Licence type
Investment Advisory License

This is Wikilix's record of a licence issued by Australia Securities & Investment Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Aug 3, 2026

Licence Verification Record

Australia Securities & Investment Commission 241364

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
Goulburn Murray Credit Union Cooperative Ltd
Issuing authority
Australia Securities & Investment Commission
Jurisdiction
Australia
Licence type
Investment Advisory License

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/gmcu/licenses/australia-securities-and-investment-commission/241364Fields on file 2 / 11

Open GMCUAll GMCU licencesAbout ASIC
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Australia
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
241364
Licence type (Wikilix classification)
Investment Advisory License
The authority

About ASIC

Australia Securities & Investment Commission is the authority that issued this licence, and the jurisdiction it applies in is Australia.

Full name
Australia Securities & Investment Commission
Jurisdiction
Australia
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1998
Oversight
A government or statutory body
Firms we track under it
144 firms
Regulates
Forex, Stocks, Fund, Options, Derivatives, Securities
Licences it issues
AFSL – OTC Derivatives (Principal Dealer & Agency)
Typical cost of a licence
AUD 50000-100000+
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

ASIC's own rules for the firms it authorises.

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Negative balance protection
  • Complaints routeAFCA
  • Maximum leverage1:28
This describes the authority's regime, not how GMCU applies it.
The holder

Who holds this licence

The licence above is recorded against GMCU. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Goulburn Murray Credit Union Cooperative Ltd
Based in
Australia
Wikilix score
52.8the firm’s overall score, not a rating of this licence

Wikilix records GMCU as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
GMCU requires no minimum deposit amount to open an account, with the minimum deposit listed as 0 USD.
The context indicates that GMCU does not charge commissions and no specific spread type or average spread information is provided. Further fee details are not specified.
Customer support for GMCU is available via phone at +61 3 5821 9033 and email at info@gmcu.com.au. Live chat support is available during business hours, and support is provided in English.
According to the data, GMCU offers a maximum leverage of 1. This indicates very low or no leverage for trading activities through this broker.
The provided context does not specify any trading platforms offered by Goulburn Murray Credit Union Cooperative Ltd.
Goulburn Murray Credit Union Cooperative Ltd holds an Investment Advisory License regulated by the Australia Securities & Investment Commission (ASIC). ASIC is a tier 1 onshore regulator with high transparency and regulatory standards. However, GMCU itself is noted as having no direct broker regulation in the provided context.
Licence 241364 was issued by Australia Securities & Investment Commission (ASIC), the financial authority for Australia.
GMCU holds this ASIC licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the ASIC register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates ASIC tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
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