How to cease authorised representatives/financial advisers

Download the full user guide (including screenshots) as a PDF (4.3MB)    

You will need to use ASIC Connect to cease authorised representatives and financial advisers. 

You can notify up to 25 cessations per transaction.        

Further assistance about using ASIC Connect can be accessed via the Help button at the top right-hand side of the screen. 

Visit our support page for more user guides about ASIC Connect transactions. 

Get started

To get started, visit the ASIC website at www.asic.gov.au.

  • Click on the blue ASIC Connect box. This will take you to ASIC Connect.

Log in 

Go to ASIC Connect and select 'Log in'. 

  • If you do not have an ASIC Connect account, select 'Sign up'.

Log in using your email address and password. 

  • If you do not have an ASIC Connect account, select 'Sign up'.
  • You can refer to our user guides: 

    • How to sign up for an ASIC Connect account and link your licence(s). 

    • How to sign up for an ASIC Connect account and link authorised representatives.

Home

Once you have logged in, the home screen will be visible. 

  • Select 'Lodgements & Notifications' tab to cease an authorised representative or financial adviser. 

Cease authorised representatives / financial advisers

Select the radio button next to the AFS licensee or AFS representative whose authorised representatives/financial advisers you want to cease.  

  • In the transactions column, select Cease Adviser / Authorised Representatives. This is the name of the transaction you use to cease an authorised representative or adviser. 

  • Select 'Go' to proceed. 

Select who appoint the representative you are ceasing in this transaction. 

  • If the authorised representative of the AFS licensee appointed the representative, you must provide their representative number.
     
  • Select 'Next' to continue. 

Enter the representative number of the authorised representative or financial adviser you would like to cease. 

  • You can use the link provided to search for the representative number. 

  • Select 'Next' to continue. 

Tick the box next to the role type you are ceasing. You can select one or both roles. If the representative only has one role, it will automatically be selected for ceasing. 

  • Enter the date the authorised representative or financial adviser was ceased. 

Select 'Next' to continue. 

Review

Check that the information you have entered is correct. 

  • Select '+Cease another representative' to cease more authorised representatives or advisers. You can notify up to 25 cessations per transaction. 

  • Select 'Edit/Review' if the information has been entered incorrectly for an authorised representative or adviser. 

  • Select 'Remove' to stop an authorised representative or financial adviser from being ceased. 

  • When all authorised representatives and advisers to be ceased have been added correctly, select 'Next' to continue. 

Declarations

Read the declaration to ensure you agree with the conditions of the transaction. 

  • If you agree, tick the boxes next to the declaration to proceed. 

  • Select your authority for submitting the transaction. 

  • Select 'Next' to continue. 

Payment

You can choose to pay using a credit card, or BPAY. Alternatively, you can request an invoice to be sent to you. 

  • Select the 'Pay Now' option. 

  • Select 'Pay Now' to continue. 

Enter your credit card details. 

  • Select 'Submit' to process the payment. 

If you want to pay at a later date, you can do so by using BPAY or requesting an invoice to be sent to you. 

  • Select the 'Pay Later' option. 

  • Select the 'Invoice' or 'BPAY' option. If you select 'Invoice' it will be sent to: 

    • AFS licensee: the email address if one has been provided. Otherwise it will be sent to the service address. 

    • AFS representative: the email address if one has been provided. Otherwise it will be sent to the principal place of business. 

  • If you select 'BPAY' you will need to print or make note of the BPAY details and process your payment. 

  • Select 'Pay Later'. 

Confirmation

This screen confirms your transaction has been submitted. 

  • Select 'Print the transaction' to download a printable PDF version of the transaction. 

  • Select one of the links under What else can I do for more information about other services. 

  • Select 'Home' to return to the ASIC Connect home page. 

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: 30/03/2021 09:25