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ARTICLE · 21 AUGUST 2024

Australian financial services licence (AFSL) costs

Holley Nethercote
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What are the costs in applying for your own AFSL & what should you be prepared for?

AustraliaFinance and Banking
Frank Varga
Frank Varga
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So, you think you're ready to apply for your own AFSL. What are the costs should you be prepared for?

Preparing

You can attempt to prepare and submit your own application for a licence. However, the application will be delayed or refused if it is incomplete. We have templates that we use to kick-start a licence application, to keep things as efficient as possible.

Submitting

Professional fees to prepare or submit an application would vary depending on the type of authorisations being applied for or the complexities of the arrangements that may require legal advice in order to determine. There are also lodgement fees (with ASIC) for an AFSL application, and these can vary significantly depending on whether you apply as an individual or through a corporate structure.

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