Fees to update the Financial Advisers Register
Fees and notification periods apply for updating information on the Financial Advisers Register.
When a financial adviser's details change, the Australian financial services (AFS) licensee must update the Register within 30 business days.
Standard fees
A fee covers one financial adviser. For example, one fee for:
- appointing (adding) one new financial adviser
- updating multiple details at the same time about one financial adviser who is already on the Register
- ceasing (removing) one financial adviser.
Appointing, updating or ceasing two financial advisers incurs two fees. Appointing, updating or ceasing 25 financial advisers incurs 25 fees.
If the person is both a financial adviser 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) | $53 |
| 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 financial adviser in the same transaction |
$34 |
| Cease (remove) | $34 |
|
Late fees Less than 30 business days' late Over 30 business days' late |
$87 $362 |
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 Fee waivers.
Fees to add information
The following fees apply for the new information required as part of the professional standards for financial advisers from 15 November 2019.
| Transaction | Fee |
| For existing advisers | |
| Add principal place of business and email address | No fee* |
| Select adviser role type | No fee* |
| Add pass date for Financial Adviser Exam | No fee* |
| Add CPD year start date (submit Form FS20) | No fee* |
| For all advisers | |
| Notify failure to meet CPD requirements | $34 |
| Update qualification and training courses | $34 |
| Appoint (add) adviser | $53 |
*Fee applies if other information is added, changed or updated in the same transaction
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.