Financial advisers and authorised representatives

As an Australian financial services (AFS) licensee, you can appoint financial advisers and authorised representatives to your AFS licence. Once they are appointed, you can update their details online, including authorisations, qualifications and address.

To do this, you need to sign up for an ASIC Connect account and link your AFS licence.

Additional information required from 15 November 2019

To comply with the professional standards for financial advisers, AFS licensees must add new information to the Financial Advisers Register from 15 November 2019. For more details and compliance dates, see Timeline for the reforms.

Authorised representative

As an AFS licensee, you can appoint an authorised representative to:

  • provide specified financial services, and/or
  • appoint other authorised representatives on your behalf.

For more information, see Appointing and ceasing an AFS authorised representative.

Appoint an authorised representative

Before you can appoint an authorised representative to your AFS licence, you need to link the authorised representative to your ASIC Connect account:

To appoint an authorised representative to your AFS licence using ASIC Connect, follow these step-by-step instructions:

When you appoint an authorised representative, they are listed on the Authorised Representatives Register.

Update or correct an authorised representative's details

To update or request a correction to an authorised representative's details using ASIC Connect, follow these step-by-step instructions:

Cease (remove) an authorised representative

To remove an authorised representative from you licence using ASIC Connect, follow these step-by-step instructions:

Financial Adviser

As an AFS licensee, you must notify ASIC when you authorise a financial adviser, provisional financial adviser or time-share adviser under your AFS licence.

Appoint an adviser

When you authorise an adviser, you must appoint the adviser to using ASIC Connect. For more information and step-by-step instructions, see:

When you appoint an adviser, they are listed on the Financial Advisers Register.

Update or correct an adviser's details

When an adviser's details change, you must update their details on the Register using ASIC Connect. For more information and step-by-step instructions, see:

Cease (remove) an adviser

To remove an adviser from you licence using ASIC Connect, follow these step-by-step instructions:

What is an ASIC key?

Your ASIC key is a unique number used in ASIC Connect that helps us establish your identity and protects your business information by making sure only you and those you have authorised can access it.

Learn more about ASIC keys

What is a corporate key?

A corporate key is an 8-digit number uniquely associated with a company’s ACN. Your company needs only one corporate key.

Learn more about corporate keys

What is an invitation key?

An invitation key is a unique key to register for, or connect to an entity in, the ASIC Regulatory Portal.

Learn more about invitation keys 

What is an industry funding security key?

Your industry funding security key is a unique number used to launch an online transaction in the ASIC Regulatory Portal that will enable us to calculate your final industry funding invoice. You will be prompted to submit business activity metric information on the operation of your business in the previous financial year.

Learn more about industry funding security keys

Last updated: 15/11/2019 08:41