AFS licence in Australia

About This Company

Australian financial services licence verification begins with examining the Professional Registers maintained by ASIC. The buyer searches by entity name, ABN/ACN, or licence number to confirm current status, recorded conditions, and appointed authorised representatives. Separate inspection on ASIC Connect confirms corporate registration and business-name validity. Permitted scope requires validation against approved activities, which encompass executing client orders, portfolio management, investment advice, order routing, and proprietary dealing under the Corporations Act 2001. Licence conditions visible on the register require review to confirm whether particular operating allowances lapse over time. Appointed authorised representatives recorded with the regulator require background assessment before ownership transfer. Under Corporations Act s.910B, acquiring capacity to cast more than 50% of general meeting votes or holding more than half the issued share capital constitutes a change of control. Post-completion reporting follows under s.912DA, requiring formal notification through the Regulatory Portal within 30 business days. Geographic reach is confined to Australia because this authorisation does not passport abroad. ASIC, seated in Sydney since 1998, provides no statutory deadline for new approvals, deciding 77% of new applications within 150 days during FY2024-25.