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ARTICLE · 20 JANUARY 2017

Acquiring Australian financial services entities

Holding Redlich
Holding Redlich
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Holding Redlich

Holding Redlich

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This article is a high level summary of the main issues with purchasing financial services entities other than banks.

AustraliaFinance and Banking
Adeline Hiew (Formerly With Holding Redlich)
Adeline Hiew (Formerly With Holding Redlich)
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Australia has a complex regulatory system for financial services entities such as insurance companies, superannuation funds and other financial services providers. This article provides a high level summary of the main issues with purchasing financial services entities other than banks.

The Regulators

An Australian Financial Services Licence (AFSL) with an appropriate authorisation is required in order to carry on a financial services business in Australia. An AFSL holder can be authorised to provide financial product advice on certain financial products, deal in specified financial products, make a market for a financial product, operate a registered managed investment scheme, provide custodial or depository services and provide traditional trustee services to retail and/or wholesale clients.

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