AFSL - Australian Financial Services Licence

🇦🇺 Australian Financial Services Licence

Australian Financial Services Licence (AFSL)

An Australian Financial Services Licence (AFSL) is required to provide financial services in Australia. We provide comprehensive support throughout the licensing process, from initial application to ongoing compliance.

What is an AFSL?

The AFSL authorizes you to carry on a financial services business in Australia. It’s administered by the Australian Securities and Investments Commission (ASIC) and covers a wide range of financial services.

Who Needs an AFSL?

You need an AFSL if you:

  • Provide financial product advice
  • Deal in financial products
  • Make a market for financial products
  • Operate a registered managed investment scheme
  • Provide custodial or depository services
  • Provide traditional trustee company services

Our AFSL Services

Application Support

  • Initial Consultation: Assessment of your business model and licensing requirements
  • Application Preparation: Complete AFSL application documentation
  • ASIC Liaison: Management of all communication with ASIC
  • Process Management: End-to-end coordination of the licensing process

Compliance Framework

  • Compliance Manual: Comprehensive policies and procedures
  • AML/CTF Program: Anti-money laundering compliance framework
  • Risk Management: Risk management systems and controls
  • Financial Requirements: Assistance with capital and insurance requirements

Responsible Manager Assessment

  • Experience Review: Assessment of proposed responsible managers
  • Knowledge Assessment: Preparation for ASIC’s competency requirements
  • Documentation: Complete responsible manager submissions

AFSL Categories We Support

  • Securities: Dealing and advising on securities
  • Derivatives: CFDs, options, and other derivatives
  • Foreign Exchange: Forex products and services
  • Managed Investment Schemes: Fund management and distribution
  • Superannuation: Superannuation products and advice
  • General Insurance: Insurance products (with restrictions)
  • Deposit Products: Banking and deposit-taking products

Application Process

  1. Preparation (2-3 months)

    • Business plan development
    • Compliance framework setup
    • Responsible manager identification

  2. Application Lodgement (1 month)

    • Complete application forms
    • Submit to ASIC
    • Pay application fees

  3. ASIC Assessment (3-6 months)

    • Respond to ASIC queries
    • Provide additional documentation
    • Address any concerns

  4. Grant & Implementation (1 month)

    • Receive licence
    • Implement compliance systems
    • Commence operations

Key Requirements

Organizational Competence

  • Adequate human, technological, and financial resources
  • Appropriate organizational structure
  • Effective risk management systems

Responsible Managers

  • At least one responsible manager
  • Good fame and character
  • Relevant qualifications and experience

Financial Requirements

  • Minimum net tangible assets (varies by authorization)
  • Professional indemnity insurance
  • Adequate cash flow projections

Compliance

  • Compliance arrangements
  • AML/CTF program
  • Dispute resolution membership

Our Track Record

  • 100+ AFSLs: Successfully supported over 100 AFSL applications
  • High Success Rate: Strong track record with ASIC
  • Fast Turnaround: Efficient application process management
  • Ongoing Support: Continued compliance assistance post-licensing

Pricing

AFSL application support fees vary based on:

  • Complexity of authorizations sought
  • Number of responsible managers
  • Existing compliance infrastructure
  • Timeframe requirements

Contact us for a tailored quote.

Next Steps

Ready to apply for your AFSL? Our specialists can guide you through the entire process.

Schedule a Consultation