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ARTICLE · 14 MAY 2020

Fact Sheet: AFSL (Australian Financial Services Licence) costs

This fact sheet discusses the costs you should be prepared for if you are ready to apply for your own AFSL.

AustraliaFinance and Banking

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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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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