You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser.
Australian Financial Services Licence (AFSL) is a licence normally required to be held by an Australian business involved in the provision of financial services. An AFSL can be issued to an individual, to a director or employee of an AFSL holder, or an authorised representative of a person who holds an AFSL.AFSLs are issued by the Australian Securities and Investments Commission (ASIC) under Chapter 7 (section 911A) of the Corporations Act 2001, as part of its role as regulator of the financial services industry.
Some wholesale charitable investment fundraisers are exempt from the AFSL licensing requirements. By an instrument in 2002, ASIC granted CIFs certain AFSL exemptions, including exemption from the requirement to hold an AFSL, if the only financial products issued were debentures or managed investment schemes.
I’m an international student in Sydney and was thinking about starting a trading/investing course. Since I’m not very aware of the laws around here, could you point out what kind of licenses I’ll require etc, if any?
I am looking for advice surrounding a website that I have built and am about to launch.
The website is very similar to Upwork.com but it is based in Australia and is for Australian freelancers only.
My main concern is whether or not I will need a Financial Services License to hold money in an...