Lodgement requirements for AFS licensees | ASIC

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Information and steps on how to apply for an Australian financial services (AFS) licence.

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Information and steps on how to apply for auditor or authorised audit company registration.

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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: s912DA Lodge: Regulatory Portal: Notify ASIC of change in control of an Australian financial services licence 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: Regulatory Portal - Vary authorisations and conditions of an Australian financial services licence An application to vary the 'other conditions' of an AFS licence within 10 days.

Change in licensee's particulars

Notification of change of details of an licensee Includes: name principal business address ongoing contact person obtain ABN add or remove business name external dispute resolution details advise or modify licensees CPD year. Reference: r7.6.04(1)(b), r7.6.05(1) Lodge: Regulatory Portal - Notify change of details of an Australian financial services licence

Change in licensee's responsible managers

Notification of change of licensee’s responsible managers Includes: change of details of existing responsible manager removal of responsible manager appointment of new responsible manager Reference: r7.6.04(1)(b), r7.6.05(1) Lodge: Regulatory Portal - Notify change of responsible manager details of an Australian financial services licence If lodging an application to Vary authorisations and conditions of an Australian financial services licence for a change of a key person, the change in licensee’s responsible managers must be lodged first and then the licensee must complete and submit the vary application.
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 a Notification of change of licensee’s responsible manager details of an Australian financial services licence 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: Regulatory Portal - Vary authorisations and conditions of an Australian financial services licence

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

Submit Australian financial services licence annual financial statements Reference: s989B, s989D Lodge: Submit Annual financial services licence annual financial statements Further information: RG 43, RG 68, r7.8.14 & 14A, r7.8.13, PF 27
Notify ASIC or apply to ASIC about Australian financial services licence auditor appointments Reference: s990B(6), s990F(b), r7.8.15(9) Lodge: Regulatory Portal - Notify ASIC or apply to ASIC about Australian financial services licence auditor appointments. 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. ASIC must provide consent prior to resignation of an auditor. See Resignation or removal of an auditor of an Australian financial services licensee.
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 Further information: RG 58, RG 68