top of page
Search

Just how hard is it to get an AFSL?

  • anyahaywood
  • Jan 13, 2023
  • 2 min read

Updated: Feb 10, 2023


Obtaining an Australian Financial Services Licence (AFSL) can be a complex process. It involves a number of steps, including:


1. Determining your eligibility: To be eligible for an AFS license, you must have the necessary knowledge, skills, and experience to provide financial services.


2. Identify the type of financial services you want to provide under your AFS license as this will determine the type of license you need and the regulatory requirements you must meet.


3. Appoint a licensee or become a licensee yourself: If you are not a sole trader, you must appoint a licensee or become a licensee yourself. A licensee is a company or individual that holds an AFSL and is responsible for ensuring that the licensee and its representatives comply with the regulatory requirements.


4. Understand the regulatory requirements: You must familiarise yourself with the regulatory requirements for the financial services you want to provide, including the Corporations Act and the relevant ASIC class order.


5. Prepare and submit an application: To apply for an AFS license, you must complete an application form and provide supporting documentation, such as evidence of your knowledge, skills, and experience.


6. Obtain any necessary authorisations: Depending on the financial services you want to provide, you may need to obtain additional authorisations, such as an Australian Credit License.


7. Meet ongoing compliance requirements: If your application is approved, you must meet ongoing compliance requirements to maintain your AFS license. This includes ensuring that you and your representatives comply with the regulatory requirements and reporting any changes to ASIC.


Overall, the process of obtaining an AFS license can be time-consuming and requires a thorough understanding of the regulatory requirements.


Your next steps... and OPTIONS you have:

You've no doubt seen the terms AFSL for hire, AFSL rental, intermediary authorisation or similar. This is where if you're a new and / or unlicensed fund you can gain enter into an arrangement with an Australian Financial Services Licence (AFSL) holder, ensuring that you can focus on your core business, whether that's providing financial services or a financial services product. It can be arranged within days and means you don't have to spend many months and associated time/energy costs preparing your own AFSL application.


If you're interested in discussing how Avenir Capital can provide you with access to their wholesale licence (AFSL 405469 issued in 2011), please contact us for an obligation free consult:


>> complete our short enquiry form

OR, contact one of our team directly, Anya, on 0438 355 002 or email ahaywood@avenircapital.com.au






留言


Avenir Capital Pty Ltd (ACN 150 790 355) holds a broad-ranging wholesale Australian Financial Services Licence

(AFSL 405469), issued in & blemish-free since 2011 and provides an AFSL Authorised Representative and compliance support services

Contact us today for an obligation free consult.

Head of Business Development: Anya Haywood +61 438 355 002

ahaywood@avenircapital.com.au

©2022 by Avenir Capital. 

We acknowledge the traditional custodians of the land where we work and live, and we pay our respects to Elders past, present and emerging. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander communities who work and live on this land, and commit to an ongoing journey of reconciliation and respect.

General: This website contains information about us at Avenir Capital Ltd (AFSL No. 405469) and the services and products we provide.
Avenir Capital does not warrant that the functions contained in the website will be uninterrupted or error-free, that defects will be corrected or that this site or the server that makes such contents available are free of viruses or other harmful components. The information contained on this website is provided by Avenir Capital Ltd in good faith. Avenir Capital Ltd does not warrant or make any representations regarding the use or the results of the use of the contents on this site in terms of their correctness, accuracy, reliability, or otherwise. The terms "AFSL for hire" or "AFSL rental services" are colloquial terms and sometimes used in the industry to describe the services provided by an AFSL Authorised Representative.

bottom of page