AFS licence in Australia

About This Company

ASIC decides applications for an Australian financial services licence under statutory powers conferred by federal legislation. Governed by the Corporations Act 2001, in force from 2001-07-15, and the Australian Securities and Investments Commission Act 2001, this regulatory framework oversees providers within the Investment & Brokerage category in Australia. Under the statutory classification, an Australian Financial Services Licence covers five specific activity profiles: reception and transmission of orders, execution of orders on behalf of clients, dealing on own account, portfolio management, and investment advice. Each permission operates strictly within set boundaries. The authorisation is domestic and does not passport. Cross-border provision outside Australia falls beyond the scope of an AFSL. Operational boundaries remain anchored to the instrument. Any proposed alteration requires an AFS licence variation application submitted to the regulator. Records from ASIC's service charter indicate it decided 76% of AFS licence variation applications within 150 days in FY2024-25 (1 July 2024 - 30 June 2025). Buyers must inspect the Professional Registers by entity name, ABN/ACN, or licence number to establish the precise status, authorised representatives and conditions attached to the entry. Supervision falls under the Australian Securities and Investments Commission, established in 1998 with its seat in Sydney.