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I Want to Buy an AFSL
12 Oct 2020
Frank Varga
Head of Licensing“Do you have an AFSL that we can buy?” This is a regular query that we receive which results in a lengthy response. Buying an Australian Financial Services Licence…...
Read moreA new AFS licensing regime for Foreign Financial Service Providers
31 Mar 2020
Sarah Archer
Special CounselForeign financial service providers will be subject to a new regulatory regime from 1 April 2020, which will require a number of previously exempt foreign financial service providers (FFSPs) to…...
Read moreAre you paying too much for your ASIC Industry Funding Levy?
04 Apr 2019
Frank Varga
Head of LicensingASIC has now issued levies for the 2017 – 2018 financial year. These invoices were due to be paid by 15 March 2019. Late payment penalties apply from 1 April…...
Read moreManaged investment schemes (MIS) and when they must be registered
01 Sep 2023
Samantha Hills
PartnerThe term “managed investment scheme” is often used but not always well understood. You might have come across the term while planning a new business venture which will involve attracting…...
Read moreAML/CTF FAQs for current Reporting Entities
15 Sep 2025
Naomi Fink
Special CounselI am already a reporting entity enrolled with AUSTRAC. Do I need to update my AML/CTF program? If so, when do I need to do it by? Yes. You will…...
Read moreRetail vs Wholesale Clients – Regulatory Concerns and Responses
06 Sep 2025
David Court
PartnerWhile there have been some changes to the wholesale client eligibility criteria since the FSR regime commenced in 2004, there has been little recent appetite from regulators or the Government…...
Read moreWholesale Client Eligibility – Sophisticated Investor and Individual Wealth Tests
08 Sep 2025
David Court
PartnerIn recent years, the issue of wholesale client eligibility has been attracting increased attention as an area in need of reform. Of particular interest are recent developments in relation to…...
Read moreHow to stay out of trouble? Key risks and lessons for Responsible Managers
01 Sep 2025
Ellie Khor
AssociateUnlike a director or officer, a Responsible Manager (“RM”) is not a legal concept. The term does not exist in the Corporations Act 2001 (“the Act”). It is a tool…...
Read more5 Frequently asked Questions about Setting up a Cryptocurrency Exchange in Australia
01 Jun 2021
Sarah Archer
Special CounselAre you thinking of setting up a crypto exchange? Given the number of enquiries we receive on this particular question, we thought it would be useful to set out…...
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