Steps to update a relevant provider’s details on the Financial Advisers Register
You are authorised to update the Financial Advisers Register if you:
have your own AFS licence
manage an AFS licence for a business, or
have been authorised to update the Financial Advisers Register by an AFS licensee.
You need to be set up in ASIC Connect to update the Financial Advisers Register. ASIC Connect is our online service for notifying and updating details with ASIC.
For a full list of details that must be included on the Financial Advisers Register, see Information on the Financial Advisers Register. Documentation is not required when you update a relevant provider’s details, however, you must declare that the information you have provided is complete and accurate.
Fees apply for making changes to the Financial Advisers Register. You can choose to pay either:
online using a credit card, or
later by BPAY or invoice.
The cost depends on how many relevant providers’ details you are updating. For example, updating two relevant providers incurs two fees. Late fees may also apply if you failed to update the information within 30 business days.
AFS licensees can request a correction to a relevant provider’s details on the Financial Advisers Register. For example, if there is a typographical error or a mistake in their:
date of birth, or
place of birth.
If the capacity in which the relevant provider can provide tax (financial) advice services is incorrect, and this cannot be updated by submitting a maintain transaction, the AFS licensee may request a correction to this information by submitting this form a correction request via ASIC Connect.
We may contact the AFS licensee for evidence to support the request, for example, a driver licence or birth certificate. We will contact the person who requested the correction with the outcome of their request.
