ASIC said it cancelled the Australian credit licences held by Emparo Enterprises and Quick Cash Advance, after it was found they failed to hold membership of an approved external dispute resolution (EDR) scheme. The Credit and Investments Ombudsman ejected both as members in June 2016, ("due to concerns around serious misconduct in relation to the credit activities"). Credit licensees are required to be a member of an ASIC-approved EDR scheme, ASIC said. Jarrod Tuendemann is the sole director of both Emparo Enterprises and Quick Cash Advance.