Australian Financial Services Licence (AFSL)

An Australian Financial Services (AFS) Licence authorises a person to carry out financial services that are specified in the licence. Changes to the Corporations Act as a result of the Financial Services Reform Act specify five main classes of financial services for which you will need an AFSL:

  • Provide financial product advice
  • Deal in a financial product
  • Make a market for a financial product
  • Operate a registered scheme
  • Provide a custodial or depository service

Comments

  1. AFS licenses can use online services to lodge their documents online, this includes updating licence details, appointing an auditor, and varying license authorizations.

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