AFSL & ACL Licencing and Compliance Requirements

Businesses intending to offer financial services are required to obtain an Australian Financial Services Licence (AFSL) in order to provide such services, while businesses intending to offer credit services must secure an Australian Credit Licence (ACL) before supplying credit services.

Inveiss Legal provides legal advice and offers a complete compliance services package to Australian Financial Services Licensees and Australian Credit Licensees.

Australian Financial Services Licence

Advising on AFS licensee reviews and ASIC audits
Applying for an Australian Financial Services Licence
Applying for a Limited Australian Financial Services Licence (for accountants)
Compliance management for AFSL requirements
Liaising with ASIC and other regulators
Ongoing AFSL compliance support
Preparing and drafting Australian Financial Services Licence documentation including AFSL compliance manual, policies and procedures
Responsible manager training
Varying AFSL requirements

Australian Credit Licence

Advising businesses in relation to consumer credit rules and regulations
Advising businesses in relation to exemption provisions
Advising on Australian credit licensee reviews and ASIC audits
Applying for an Australian Credit Licence
Compliance management for Australian Credit Licence requirements
Liaising with ASIC and other regulators
Ongoing ACL compliance support
Preparing and drafting Australian Credit Licence documentation including compliance manual, policies and procedures
Responsible manager training
Applying for variation of ACL requirements

The comprehensive support and practical and technically sound advice provided by Inveiss Legal have enabled our clients to submit applications for an Australian Financial Services Licence or Australian Credit Licence with proper documentation, thereby attaining approvals quicker and reducing risks of rejection by the regulators. Our team includes individuals who have worked for a diverse range of organisations including ASIC and APRA and