Hi Richard,
This is my first post.  I have been looking at the forum today and was curious about your post.  Do you mean ASIC or ASC?
I went to the ASIC site and can't find anything about property investment licences.  Googled the term and couldn't find anything either.  I didn't know I should be checking that someone has this before we buy a property from them.  Could you please let me know some more details about this licence?