Australian Financial Services Licence (AFSL) Applications & Variations

We understand that applying for an Australian Financial Services Licence (also referred as an AFS licence or an AFSL) with ASIC can be a very daunting process.  That’s why, we have a dedicated licensing team to support you right from the beginning of the application to the end.  Our team of lawyers and consultants are also here to support you throughout the journey, whether it be with legal advice or setting up compliance documents.

Applying for an Australian Financial Services Licence (AFSL) isn’t as simple as you might think.  There is a lot of preparation and paperwork involved; and getting it right the first time will save you a lot of time, money and headache with ASIC down the track.  If you don’t have the time or resources to apply for an AFSL, why not let us do the hard work for you.

How we can help you apply for an Australian Financial Services Licence (AFSL)

ASIC has set out in it’s Regulatory Guides (RG) RG 1, RG 2 and RG 3, all the AFSL application requirements it requires from the applicant (you).  With over 150 pages of reading material in those guides alone, it’s no wonder people outsource this task and seek expert help.  Below are some of the ways our licensing team can help you.  We can help you in:

  • Determining the appropriate authorisations needed for your AFSL (through our law firm, Holley Nethercote Lawyers)
  • Assessing potential Responsible Managers against ASIC’s RG 105 requirements
  • Preparing and processing the e-licensing application on your behalf
  • Assisting with preparing the numerous proofs required by ASIC (e.g. details of organisational expertise and Responsible Managers, compliance arrangements, risk management, etc.)
  • Providing guidance and plain English instructions on proofs that must be prepared by you
  • Reviewing an application prepared by you but not yet submitted to ASIC
  • Acting as point of contact with the ASIC assessor considering the application

 

The different types of AFSLs we’ve helped our clients obtain:

AFSL Application / Variation Packages

While we would love to provide a standard pricing for AFSL applications and variations, we’ve realised after preparing hundreds of applications over the years that standard pricing doesn’t work and it’s not a ‘one size fits all’.  Instead, our licensing team provides a tailored quote after speaking with you about your business plans.  Some of the factors that we consider when preparing our tailored quote include:

  • The authorisations being sought
  • The number (and experience) of responsible managers you nominate
  • The amount of support you are seeking to complete the application and supporting proof documents
  • Whether you need access to a Compliance Manual

Contact our licensing team to request a quote

Applying for an Australian Financial Services Licence (AFSL)

You may be asking yourself, “do I need an AFSL?” and are trying to come to grips with the process.  In this video, hear from one of the partners at Holley Nethercote, Paul Derham, about what’s involved in the AFSL application process and the 4 key decisions you need to make before you commence the process.

Useful resources

Webinar
Webinar: Design & Distribution Obligations (for Financial Advisers)

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