Issued 16 June 2025
This guide is for applicants applying for an AFS licence or to vary their licence.
You can use this guide to help you understand ASIC’s approach to assessing AFS licence applications and to prepare the information and documentation you will need to provide as part of the application process.
Note: this guide is being updated for changes to the AFS licence application process for responsible managers of AFS licensees who are also accountable persons under the Financial Accountability Regime Act 2023 (FAR Act). These changes came into effect on the ASIC Regulatory Portal on 16 October 2026 and streamline responsible manager AFS licensing requirements for entities subject to the FAR Act by reducing requirements to submit evidence of competence. We expect the updated guide to be ready in Quarter 1 of 2027.