Fees to update the Financial Advisers Register

Fees and notification periods apply for updating information on the Financial Advisers Register. Fees also apply when applying to register a relevant provider with ASIC.

When a relevant provider’s details change (including provisional relevant providers and time-share advisers), the AFS licensee must update the Financial Advisers Register within 30 business days.

Standard fees

A fee covers one relevant provider. For example, one fee for:

appointing (adding) one new relevant provider
updating multiple details at the same time about one relevant provider who is already on the Financial Advisers Register
ceasing (removing) one relevant provider
applying to register one relevant provider with ASIC.

Appointing, updating, ceasing or registering two relevant providers incurs two fees. Appointing, updating, ceasing or registering 25 relevant providers incurs 25 fees.

If the person is both a relevant provider and an authorised representative, one transaction (one fee) updates both the Financial Advisers Register and the Authorised Representatives Register (you must select both role types in the transaction).

Transaction	Fee
Appoint (add)	$59
Appoint within 10 business days of AFS licence being approved	No fee
Maintain (update) or correct Multiple details can be updated or corrected for the same relevant provider in the same transaction	$37
Cease (remove)	$37
Register	$59
Late fees Less than 30 business days' late Over 30 business days' late	$96 $401

See Information on the Financial Advisers Register for a full list of information required.

You can apply to ASIC for a fee waiver in some circumstances. For more information, see Information Sheet 87 Fee waivers (INFO 87).

Fees to add information

The following fees apply to add new information or update existing information on the Financial Advisers Register.

For existing relevant providers

Transaction	Fee
Add principal place of business and email address	No fee*
Select relevant provider role type	No fee*
Add CPD year start date (submit Form FS20)	No fee*

For all relevant providers

Transaction	Fee
Add or amend phone number	No fee
Notify failure to meet CPD requirements	$37
Update qualification and training courses	$37
Change ability or capacity for relevant provider to provide tax (financial) advice services¹	$37
Register a relevant provider	$59
Appoint (add) relevant provider	$59

*Fee applies if other information is added, changed or updated in the same transaction

[1] The first time this information is added to the Financial Advisers Register, no fee applies. Subsequent changes or updates to this information will incur a fee. See ASIC Information Sheet 268 Relevant providers who provide tax (financial) advice services (INFO 268) for further information.

How to pay

When you make a transaction in ASIC Connect, you can choose to:

pay straight away using a credit card, or
pay later by BPAY or invoice.

If you choose to pay by invoice, the invoice will be emailed within 48 hours to the person who made the transaction.

ASIC