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ARTICLE · 26 FEBRUARY 2024

FACT SHEET – Should I have my own AFSL?

Holley Nethercote
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Advantages and disadvantages of holding your own licence to provide financial services.

AustraliaFinance and Banking
Frank Varga
Frank Varga
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Does the licensing regime prevent you from being an authorised representative of an existing AFSL holder? Are you getting tired of receiving bills from your licensee for the privilege of being a representative under their licence every month? Thinking about the freedom of holding and operating your own AFSL? Do you know the full extent of the costs, time, and resource requirements for holding your own AFSL? Here are a couple of things to think about as you make your decision.

There are advantages in operating under an existing licensee as a corporate authorised representative or an authorised representative:

  • Many legal risks are with the licensee.
  • The licensee incurs the costs (it is sometimes a less costly option than obtaining and maintaining your own licence).

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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