Lodgement requirements for AFS licensees
- Reportable situations
- Change in licensee's particulars
- Authorised representatives
- Financial statements and audit
- Annual lodgement
Reportable situations
| Licensees must notify ASIC of all situations that are reportable (s912DAA). Visit our Reportable situations for AFS and credit licensees for more information. |
| Notification of a licensee participating, or ceasing to participate, in a licensed market or a licensed CS facility
Reference: s912D(2) Lodge: In writing as soon as possible, no fee Further information: r1.0.05A(2)(c) |
| Notification of any event that may make a material adverse change to the licensee's financial position
Reference : r7.6.04(1)(a) Lodge: In writing within 3 days, no fee |
| Notification of change of control of the licensee
Reference: r7.6.04(1)(i) &(2) Lodge: Form FS20 Further information: Change in control of an AFS licensee |
| Notification of ineligibility to satisfy s923B(3) ‘Broker Terms’ criteria
Reference: s923B(3), PF 209.2 Lodge: FS03 An application to vary the 'other conditions' of an AFS licence within 10 days Further information: RG 2.43 If you are varying the ‘other conditions’ on your licence, at A2 the system will provide a free-text box to type in so that you can explain to us which conditions you want to vary and why you should be allowed to do this. |
Change in licensee's particulars
| Notification of change of licensee's particulars
Includes:
If lodging an application (Form FS03) for the change of a key person an FS20 must also be lodged to remove or appoint a responsible manager. If lodging an application (Form FS03) for the variation of the financial services or products, the FS20 must notify changes in the responsible manager’s responsibilities. Reference: r7.6.04(1)(b), r7.6.05(2) Lodge: Form FS20 |
| Notification of change of company name
Reference: s157(2) Lodge: Form 205 Further information: Changing a company name |
| Notification of appointment or departure of key person
Note than an FS20 will also have to be lodged where a responsible manager who is an existing key person has ceased or is being appointed as part of a key person change. Reference: r7.6.05(1), PF 209.3 Lodge: Form FS03 Further information: RG 2.160 & 2.161 |
Authorised representatives
| Notification of appointment of an authorised representative
Reference: s916F(1), r7.6.05(2) |
| Notification of revocation of an authorised representative
Reference: s916F(3)(b), r7.6.005(2) |
| Notification of change of details of authorisation of an authorised representative
Reference: s916F(3)(a), r7.6.04(1)(c), r7.6.05(2) |
Financial statements and audit
| Notification of financial statements: profit and loss statement and balance sheet
Reference: s989B, s989D Lodge: Form FS70 |
| Notification of appointment of auditor (proprietary company and non-corporate licensee)
Reference: s990B(6) Lodge: Form FS06 (FS06 not required if the name of the auditor is notified in the FS01 application form. If the licensee is a public company, s990B of the Act does not apply (s990A of the Act). Please refer to s327A – Public company auditor (initial appointment of auditor) and s319 – Lodgement of annual reports with ASIC (Form 388) for information relating to auditor appointments and notifications. Further information: r7.8.15(1A), r7.8.16 regarding ineligibility to act as an auditor, Auditor appointments |
| Notification of resignation of an auditor (proprietary company and non-corporate licensee)
Public company licensee must comply with s329 Reference: s990G(1)(a) ASIC must provide consent prior to resignation Lodge: Form FS08 Further information: Resignation or removal of an auditor of an Australian financial services licensee |
| Notification of cessation of auditor
Reference: r7.8.15(9) Lodge: Form FS09 Further information: Resignation or removal of an auditor of an Australian financial services licensee |
| Application for consent to remove an auditor (proprietary company and non-corporate licensee)
Public company licensee must comply with s329 Reference: s990F(b) ASIC must provide consent Lodge: Form FS07 |
Annual lodgement
| Auditor's report on the financial statements
Reference: s989(B)(3) (See above) Lodge: Form FS71 Further information: r7.8.13, PF 27 |
| Annual return of a foreign ADI or foreign company other than a foreign ADI
Reference: ASIC Corporations (Foreign Licensees and ADIs) Instrument 2016/186, s601CK Lodge: Forms 405 & 406 lodgement as a foreign company satisfy the lodgement requirements under the Class Orders |