The AR Register is a public record of authorised representatives who have been authorised to provide specific financial services on behalf of the licence holder. It allows consumers to:
Check an authorised representative’s status
Check an authorised representative’s associated licensee
Check if an authorised representative has authority to sub-authorise
All authorised representatives are required to maintain their details on the AR Register.
Who is on the AR Register
The AR Register lists all authorised representatives who are authorised to provide specified financial services on behalf of an Australian financial services licensee.
The definition of an authorised representative is:
A person authorised in accordance with section 916A to provide a financial service or financial services on behalf of the licensee.
These authorised representatives may be:
individuals,
bodies corporate,
partnerships, or
a group of individuals and/or bodies corporate that are the trustees of a trust.
Who updates the AR Register
While ASIC manages the AR Register, it is the AFS licensees' responsibility to add and update information on the AR Register. It is a breach of their obligations not to do so and penalties may apply.
If an authorised representative has been appointed to an AFS licensee to sub-authorise representatives, it is the AR’s responsibility to lodge the notice of appointment for the authorised representatives that are appointed.
Information on the AR Register
When you lodge online, the information you submit is updated on the AFS AR Register immediately. This means that you can find out the ASIC number allocated to your authorised representatives straight away by searching our Professional Registers.
Fees for updating the AR Register
Fees and notification periods apply for updating information on the Authorised Representatives (AR) Register.
When an authorised representative's details change, the Australian financial services (AFS) licensee must update the AR Register within 30 business days.
A fee covers one authorised representative. For example, one fee for:
appointing (adding) one new authorised representative
updating multiple details at the same time about one authorised representative who is already on the AR Register
ceasing (removing) one authorised representative
Appointing, updating or ceasing two authorised representative incurs two fees.
Appointing, updating or ceasing 25 authorised representative 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 AR 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 authorised representative in the same transaction
$37
Cease (remove)
$37
Late fees
Less than 30 business days' late
Over 30 business days' late
$96
$401
You can apply to ASIC for a fee waiver in some circumstances. For more information, see Information Sheet 87 Fee waivers (INFO 87).
The following fees apply to add new information or update existing information on the AR Register.
For existing authorised representatives
Transaction
Fee
Add principal place of business and email address
No fee*
For all authorised representatives
Transaction
Fee
Add or amend phone number
No fee
Appoint (add) authorised representative
$59
*Fee applies if other information is added, changed or updated in the same transaction
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.
When to update the AR Register
If you are an Australian financial services licensee (AFS licensee) or an authoriser appointing authorised representatives to provide financial services, you must notify us within 30 business days of the appointment: see s916F(1) and see also regs 7.6.04AA and 7.6.08(1) of the Corporations Regulations 2001.
For more information about how to notify ASIC, see Information Sheet 88 Notifying ASIC of the appointment of authorised representatives (INFO 88).
How to update the AR Register
You can update the AR Register using ASIC Connect.
When you appoint an authorised representative to your AFS licence, you must link the authorised representative to your ASIC Connect account.
