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What is a Responsible Manager?

We know the ins and outs of ASIC RG 105 and ASIC RG 206, which explains the organisational competency and skills requirements for Australian Financial Services licensees and Australian Credit licensees, particularly focusing on the importance of Responsible Managers.

Read our comprehensive white paper on Responsible Managers – what are they, what do they do, and are they personally liable?

Our Experience and Expertise with Responsible Managers

Our Licensing Team is headed by ex-ASIC manager, Frank Varga, who has over 30 years’ experience in analytical and senior management roles at ASIC, including overseeing the Licensing for the final 15 years of his time there.

We work with Responsible Managers in the financial services and credit industries on a daily basis, and have a good understanding of what it means to be a Responsible Manager.

We’ve also helped many Licensees vary their licence to add Responsible Managers, or by varying it to remove the Key Person Condition.

Compliance Support for Responsible Managers

We support Responsible Managers of AFSLs and ACLs through our online compliance portal, the HN Hub:

Legal Services for Responsible Managers

On top of our compliance support offerings through our HN Hub, we also provide legal services for Responsible Managers and Licensees through our law firm, Holley Nethercote Lawyers (liability limited by a scheme approved under Professional Standards Legislation).

Some of these legal services include:

Our Resources

How to select a Responsible Manager

Watch our Expert Interview with Senior Associate, Samantha Hills, where we explore the role of Responsible Managers and how to pick the right one for your business.  Join the HN Hub for free to watch the full interview.

Resources for Responsible Managers

Responsible Manager Training
Responsible Manager Training
AFSL - Responsible Manager Workshop (Introduction)

Our half day course has been designed to provide you with an overview of the role of Responsible Managers, and how they fit within the broader regulatory framework.  The sessions…

Blog update
Blog update
Liability of a Responsible Manager – Who’s responsible when things go wrong?

  The Responsible Manager (RM) of a licensee plays a key role under the financial services and credit licensing regimes. However, many RMs are concerned as to their responsibilities and…

Webinar
Webinar
WEBINAR: Buying and selling an AFSL – It's not always as simple as it seems

Buying and Australian Financial Services Licence (AFSL) may seem a quick and easy way to get a financial services business up and running without the hassles of obtaining a licence…