Financial services
The Corporations Act 2001 imposes:
- a single licensing regime for financial sales, advice and dealings in relation to financial products,
- consistent and comparable financial product disclosure,
- and a single authorisation procedure for financial exchanges and clearing and settlement facilities.
The regulatory framework covers a wide range of financial products including securities, derivatives, general and life insurance, superannuation, margin lending, carbon units, deposit accounts and means of payment facilities.
Related information
- AFS licensees: Applying for and managing your licence
- AFS licensee obligations: Obligations as an AFS licensee
- Disclosure: Financial product disclosure
- Dispute resolution: Dispute resolution system requirements
- Giving advice: Obligations when giving financial product advice
- Relief: ASIC can grant exemptions from or modifications to the law in certain situations
- Reportable situations: Licensees must notify ASIC of all situations that are reportable
- Specific services: includes Claims handling and settling, Margin lending, Foreign financial services providers, Extended warranties and Providers of Funeral Expenses Facilities
- Education requirements: Education, training and ethical standards of financial advisers