Relief from financial services provisions

Latest releases

For the latest releases on financial services topics including relief see What's new - financial services.

Applying for relief

When applying for relief from the financial services provisions, make sure you:

1. Apply early

If you’re thinking of applying for relief from the financial services licensing or disclosure provisions, you should apply as early as possible. Applications for relief often raise issues that may take some time to resolve.

2. Apply through the ASIC Regulatory Portal

You should submit your application for relief through the ASIC Regulatory Portal. You will need to pay fees for an application. We have provided details about payment options in the portal.

The portal features structured online transactions with mandatory fields and questions that make it easier for applicants to ensure the information ASIC requires is provided upfront.

For more information, see how you apply for relief.

3. Address the criteria in our policies on relief

You should specifically address the criteria set out in our policies on relief.

For example, in your application you should particularly address the commercial benefit and any net regulatory benefit or detriment from granting the relief you seek. If you think you have special circumstances or you are disproportionately affected by the FSR provisions, clearly set out your reasons.

Reports on relief applications

These reports provide an overview of situations where ASIC has exercised, or refused to exercise, our exemption and modification powers. This includes applications from financial service providers for relief from the licensing, conduct, disclosure and managed investments provisions of the Corporations Act 2001.

The reports also cover applications for relief from the financial reporting, takeovers, or fundraising provisions of the Corporations Act 2001, and provisions of the National Consumer Credit Protection Act 2009 or National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009.

View the relief reports

ASIC guidance on relief

You can download copies of our regulatory guides on relief from the financial services provisions:

Regulatory Guide 51  Applications for relief

Regulatory Guide 167 Licensing: Discretionary powers

Regulatory Guide 169 Disclosure: Discretionary powers

Regulatory Guide 21 How ASIC charges fees for relief applications

List of class order relief by topic

View our regulatory index for financial services class order relief.

More information

More information about Financial services

What's new

More financial service releases

ASIC industry funding

Last updated: 20/10/2014 12:00