Australian Financial Services Licence
Administered by: Australian Securities and Investments Commission / Investors and Financial Consumers
When is this licence required?
You may need this licence if your business intends to engage in one or more of the following activities:
- providing financial product advice
- dealing in financial products
- making a market in financial products
- operating a registered scheme
- conducting crowd-funding service
- providing custodial or depository services
- providing traditional trustee company services
- providing a superannuation trustee service
- providing claims handling and settling services
- operating the business and conduct the affairs of a corporate collective investments vehicle.
Depending on your circumstances, you may be exempt from the requirement to hold a licence, or you may be allowed to provide financial services under a limited licence.
What are the eligibility requirements for this licence?
To be eligible for this licence you must:
- meet approved qualification and competency standards and / or have practical experience
- have sufficient financial resources to carry on the proposed business
- be able to meet certain obligations as a licensee such as training, compliance, insurance and dispute resolution.
How much does this licence cost?
| Task | Type | Amount | Description |
|---|---|---|---|
| Initial | Application | - | Fee information is in the attached fee resource. |
How often do you need to apply for this licence?
As specified
Are there any specific application requirements?
| Task | Information |
|---|---|
| Lodge | Please lodge your completed application with supporting documentation with the agency. |
What forms provide more information?
| Task | Forms |
|---|---|
| Initial | Application for Australian Financial Services Licence |
What resources provide more information?
| Task | Type | Resources |
|---|---|---|
| Initial | Application Guidance | AFS Licensing Kit: Part 1 Applying For and Varying an AFS Licence |
| Initial | Application Guidance | AFS Licensing Kit: Part 2 Preparing your AFS Licence or Variation Application |
| Initial | Application Guidance | AFS Licensing Kit: Part 3 Preparing your Additional Proofs |
| Initial | Application Guidance | Financial services fee |
What legislation specifies this licence?
Corporations Act 2001 (Australian Government)
Corporations Regulations 2001 (Australian Government)
Who can you talk to for more information?
Customer Contact Centre
Australian Securities and Investments Commission / Investors and Financial Consumers
| Phone | 1300 300 630 |
More Information
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