Licensing and regulation

When preparing your application for Innovation Hub assistance, you need to review information on licensing and consider whether your business needs one to operate. Learn about different licences and your ongoing obligations here.

When applying for assistance through the Innovation Hub, you will need to describe how you think the law or regulatory framework could apply to your business.

This involves considering:

  • if you need a licence
  • authorisations you need to apply for
  • what you need to provide to ASIC to get those licence authorisations.

ASIC issues Australian financial services (AFS) licences and Australian credit licences (credit licences), and regulates Australian market licencees. Once licensed, you will need to meet ongoing obligations related to your licence.

If you have an idea of the kind of licence that you may need, you can access the detailed information below.

AFS licence

Financial services businesses in Australia generally need to hold an AFS licence or be authorised by a licensee to operate. Exemptions do apply and are examined on a case-by-case basis. Learn more about AFS licences.

Credit licence

Business engaging in credit activities generally need to hold a credit licence or be authorised by a licensee to operate. Learn more about credit licences.

Licensed and exempt market operators

If you operate a financial market you must obtain an Australian market licence, or an exemption from the Minister. Learn more about financial market operators.

For more information, you may wish to read our detailed advice on licensing and regulation and the Regulatory Index on the ASIC website.

You may also wish to obtain separate legal advice to help determine the best course of action for your business.

Fintech licensing exemption

Under our fintech licensing exemption eligible businesses are able to test specified services for up to 12 months, with up to 100 retail clients, as long as they meet certain consumer protection conditions.

If you are unable to rely on the fintech licensing framework, you are able to seek an individual exemption. For more information, you may wish to read our advice on ASIC's licensing flexibility and our policy on individual exemptions.


  1. Research licence types as you prepare your application for assistance through the Innovation Hub.
  2. Ensure you have read all of the related information.
  3. Decide if you need external legal support.
  4. Understand your ongoing obligations.

Licensing guidance for some business model examples can be accessed below.

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ASIC releases tender for Natural Language Processing Trials 

23 February 2018

ASIC has released a tender for Natural Language Processing Trials via AusTender - ATM ID ASIC CPX65. 

The tender is for provision of pilots of Natural Language Processing technologies, including approaches to common supervisory scenarios encountered by ASIC with a view to providing natural language processing technologies solutions.   

For more details, please go to AusTender and download the tender documents. You can search the tender by either the ATM ID or Keyword. 

Find out more information about the tender 

The tender will be closed at 9:00 am, 19 March 2018. 

If you have any questions in relation to this Tender, please email

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Crowd-sourced funding

ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation.

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Last updated: 03/04/2017 11:51