Information required to be notified to the financial advisers register

The tables below set out the information required to be notified to the financial advisers register and are listed under the following headings:

AFS licensee appointing on behalf of a representative

FieldMandatory or optionalDescription

Representative number

Optional

Where consent is provided,  an AFS licensee may appoint a representative on behalf of one of their authorised representatives.

The AFS licensee needs to provide the representative number of the authorised representative they are acting for.

Financial adviser details

FieldMandatory or optionalDescription

Date of appointment (DD/MM/YYYY)

Mandatory

The date of appointment is the date the financial adviser was appointed to the licence.

The appointment date must be a date on, or after, the date the AFS licence was granted by ASIC. If appointed by an authorised representative, the date must be prior to their appointment by the licensee.

Representative number

Optional

If a financial adviser already has a representative number, they must provide it.

ABN

Optional

Provide the Australian Business Number (ABN) of the financial adviser (if they have one).

Given name

Mandatory

Given name of the financial adviser.

Other given names 

Optional 

Other given names of the financial adviser.  

Family name

Mandatory 

Family name of the financial adviser.

Date of birth

Mandatory 

Provide the date of birth of the financial adviser.  

Country of birth

Mandatory

Select the country of birth of the financial adviser.  

State/Territory of birth

Optional

Where the country of birth is 'Australia', the state/territory of birth must be provided.

Where the country of birth is NOT 'Australia', the state/territory of birth field will not be displayed.  

Suburb/City of birth

Optional

Where the country of birth is 'Australia', the suburb/city of birth must be provided.

Where the country of birth is NOT 'Australia', the suburb/city of birth field will not be displayed. 

Financial adviser authorisation details

To notify ASIC of an appointment of a financial adviser to the register:

  • you must be authorised (at a service level) to provide financial product advice under the ASIC codes ‘FIN’ or ‘CLASSES’ (see heading below, ‘Limited AFS licences’)
  • clients must be ‘retail only’ or ‘retail and wholesale’, and
  • the financial product advice provided must include at least one financial product that is on the list of relevant financial products. You must select at least one product authorisation for a financial adviser appointment.

You cannot select financial product authorisations which exceed the authorisations of the appointing licensee or authorised representative.

Financial product advice – Deposit and payment products

FieldMandatory or optionalDescription

FIN-Deposit and payment products - Non-basic deposit products

Optional

Only select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Deposit and payment products – Non-basic deposit products

FIN-Deposit and payment products - Non-cash payment facilities

Optional 

Only select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Deposit and payment products – Non-cash payment facilities

 

Financial product advice - Derivatives

If you select ‘FIN-Derivatives All’, you cannot select one or more of the other derivatives (i.e. wool only, electricity only or grain only).

FieldMandatory or optionalDescription

FIN-Derivatives All

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Derivatives All

 

FIN-Derivatives - Wool only

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Derivatives – Wool only

You cannot select this option if you select ‘FIN-Derivatives All’.

FIN-Derivatives - Electricity only

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Derivatives – Electricity only

Leave blank if this authorisation is not applicable.

You cannot select this option if you select ‘FIN-Derivatives All’.

FIN-Derivatives - Grain only

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Derivatives – Grain only

You cannot select this option if you select ‘FIN-Derivatives All’.

Financial product advice - Foreign exchange contracts

FieldMandatory or optionalDescription

FIN-Foreign exchange contracts

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Foreign exchange contracts

Financial product advice – Government debentures, stocks or bonds

FieldMandatory or optionalDescription

FIN-Government debentures, stocks or bonds

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Government Debentures, Stocks or Bonds

Financial product advice – Life insurance products

FieldMandatory or optionalDescription

FIN-Investment life insurance products

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Investment life insurance products

FIN-Life risk insurance products

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Life risk insurance products

FIN-Life products - Consumer Credit insurance only

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Life products – Consumer Credit Insurance only

If you select FIN-Life risk insurance, you cannot also select 'Consumer Credit Insurance only'

Financial product advice - Managed investment schemes

Any of the Managed Investment Scheme options can be selected, with the exception of the following combinations:

• 'Managed Investment Schemes, excluding IDPS' and 'Managed Investment Schemes, including IDPS'

• 'Managed Investment Schemes, excluding IDPS' and 'IDPS Only'.

FieldMandatory or optionalDescription

FIN-Managed investment schemes excluding investor directed portfolio services (IDPS)

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Managed investment schemes excluding investor directed portfolio services (IDPS)

FIN-Managed investment schemes including investor directed portfolio services (IDPS)

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Managed investment schemes including investor directed portfolio services (IDPS)

FIN-IDPS only

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – IDPS only

FIN-Own managed investment scheme only

Optional

Select the checkbox if this financial adviser has the authorisation:

  • Provide financial product advice – Own managed investment scheme only

Leave blank if this authorisation is not applicable.

FIN-Horse racing syndicate

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Horse racing syndicate

FIN-Timesharing scheme

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Timesharing scheme

FIN-MDA services

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – MDA services

Financial product advice - Retirement savings account products

FieldMandatory or optionalDescription

FIN-Retirment savings account products

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Retirement savings account products

Financial product advice - Securities

FieldMandatory or optionalDescription

FIN-Securities

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Securities

Financial product advice - Superannuation

If you select ‘FIN-Superannuation - All’, you cannot select one or more of the other superannuation authorisations (i.e. Self-managed superannuation fund, etc.)

FieldMandatory or optionalDescription

FIN-Superannuation - All

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Superannuation – All

FIN-Self-managed-superannuation fund

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Self-managed superannuation fund

FIN-A person's existing holding in a superannuation product

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – A person’s existing holding in a superannuation product

Financial product advice - Margin lending facilities

FieldMandatory or optionalDescription

FIN-Standard margin lending facility

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Standard margin lending facility

Leave blank if this authorisation is not applicable.

FIN-Non-standard margin lending facility

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Non-standard margin lending facility

Leave blank if this authorisation is not applicable.

Financial product advice - Carbon credits

FieldMandatory or optionalDescription

FIN-Australian carbon credit unit

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Australian carbon credit unit

FIN-Eligible international emissions unit

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Eligible international emissions unit

Financial product advice - Miscellaneous financial facilities

FieldMandatory or optionalDescription

FIN-Miscellaneous financial investment products - MDA services

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Miscellaneous financial investment products – MDA services

FIN-Miscellaneous financial risk products

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Miscellaneous financial risk products

FIN-Miscellaneous financial investment products

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide financial product advice – Miscellaneous financial investment products

Further restrictions on financial adviser authorisations

FieldMandatory or optionalDescription

Further restrictions

Optional

Include any caveats or restrictions on the financial products provided.

Limited AFS licences

This information is only relevant to licensees that are defined as a ‘limited AFS licensee’. If you are completing an appointment as a limited AFS licensee, you will only be provided with selections applicable to holding a limited AFS licence.

In relation to the financial advisers register, a limited AFS licensee can only be authorised to give personal advice about:

  • self-managed superannuation funds (SMSFs)
  • a client’s existing superannuation holdings in certain circumstances, and
  • ‘class of product’ advice about securities, simple managed investment schemes, life risk insurance and superannuation.

Class of product advice

FieldMandatory or optionalDescription

CLASSES-Securities

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide class of product advice – Securities

CLASSES-Simple managed investment schemes

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide class of product advice – Simple managed investment schemes

CLASSES-Life risk insurance products

Optional

Select the check box if this financial adviser has the authorisation:

  • Provide class of product advice – Life risk insurance products.

CLASSES-Superannuation

Optional 

Select the check box if this financial adviser has the authorisation:

  • Provide class of product advice – Superannuation

Employment history

The employment history of a financial adviser is needed for the last five years.

If the financial adviser has been employed by the current licensee for more than five years, further employment history is not required. If the financial adviser has been employed by more than one licensee during the past five years, provide details of all employment.

FieldMandatory or optionalDescription

Licence number

Mandatory

Provide the licence number of the AFS licensee that employed the representative.

Authorised representative name

Optional

If the financial adviser was appointed by an authorised representative, provide their name.

Authorised representative number

Optional

If the financial adviser was appointed by an authorised representative, provide their representative number

Start date

Mandatory

Provide the employment start date.

It cannot be a date in the future..

End date

Mandatory 

Provide the employment end date.

It cannot be a future date and must be after the employment start date.

Year first provided personal advice (YYYY)

Mandatory

This is the year the financial adviser first provided personal advice in relation to relevant financial products to retail clients.

It cannot be a future year.

Qualifications, training and professional memberships

You are required to provide ASIC with information in relation to a financial adviser’s qualifications, training courses and professional memberships.

Professional memberships

FieldMandatory or optionalDescription

Professional body name

Optional

Provide details of the financial adviser's professional memberships.

You can select from a list of 16 common professional bodies, or enter your own by selecting 'Other'.

A maximum of five professional memberships can be entered.

Qualifications and training courses

FieldMandatory or optionalDescription

Name of course

Mandatory

Provide details of the financial adviser's professional memberships.

You can select from a list of 16 common professional bodies, or enter your own by selecting 'Other'.

A maximum of five professional memberships can be entered.

Provider / Institution

Mandatory

Provide the name of the provider or institution for each qualification or training course (100 character limit).

Year attained (YYYY)

Mandatory

Provide the year each qualification or training course was completed.

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Last updated: 21/07/2017 12:39