AFS licence in Australia

About This Company

ASIC determines whether to grant an Australian financial services licence to corporate applicants. Supervisory oversight covers companies, financial services and credit providers, and financial markets, aiming to maintain and improve system performance. The buyer searches the Professional Registers using the entity name, ABN/ACN, or licence number to verify that the authorisation is currently held. Active register entries disclose licence status, attached conditions, and all appointed authorised representatives. Corporate status and business names require a separate lookup on the ASIC Connect database. Statutory authority derives from the Corporations Act 2001 and the ASIC Act 2001. Authorised activities under this regulatory framework include executing client orders, investment advice, order routing, portfolio management, and principal trading. Overseas operations cannot rely on this authorisation because its domestic reach does not passport abroad. Acquiring control requires notifying ASIC via the Regulatory Portal within 30 business days after closing, triggered when an investor gains more than 50% of voting capacity or holds more than half the issued share capital under s.910B and s.912DA. Sydney has housed the headquarters of ASIC since 1998. Service charter statistics report that ASIC decided 77% of new applications within 150 days in FY2024-25.