Frank Varga

Head of Licensing

Frank joined Holley Nethercote in November 2017 as a Licensing Consultant.   Frank has had over 30 years’ experience in analytical and senior management roles at ASIC, including overseeing the Licensing team for the final 15 years of his time there.

At a Glance

Summary
My Details
Key areas of expertise:
  • Australian Financial Services Licensing
  • Credit Licensing
  • Compliance and regulation
  • Liaising with and educating clients
  • Regulatory Liaison
  • Building professional relationships
Career achievements

  • Frank was Senior Manager and Senior Specialist of Licensing at ASIC, responsible for AFS Licensing and, more recently, Credit Licensing.
  • Frank was a Senior Specialist in ASIC's Credit Team, responsible for implementation of the National Consumer Credit reforms.  During this period, Frank was involved in designing the content of the online application and documents, and also related Regulatory Guides.
  • More recently whilst at ASIC, Frank was involved with the Licensing of Accountants reform, where he worked closely with Treasury and the Joint Accounting Bodies in determining the final legislation, and assisted in drafting ASIC's supporting Policy documents.

Qualifications:
  • Bachelor of Business Studies (Accounting)
  • MBA Mt Eliza Business School
Professional membership:
  •  CPA Australia – FCPA
Interests outside of work: 
  • Travel
  • Watching AFL
  • Spending time with family
Favourite quote:   "Always pass on what you have learned." Yoda

Most recent blogs written by me

  • Financial Services Law

    Are you paying too much for your ASIC Industry Funding Levy?

    Thursday, 4 April 2019
    ASIC 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 2019 and these are as 20% per annum of the overdue levy amount. This is the first year of the new regime where ASIC will recover most of its regulatory costs from regulated industries. Many AFS Licensees and Credit Licensees have been surprised by the levies received.

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