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).
