If you provide a Financial Service or a Financial Product in Australia, the law dictates that you will need to be the holder of an Australian Financial Service Licence (AFSL) or be an Authorised Representative (AR) of one.

To obtain an AFSL is not only a lengthy and difficult process, but very expensive. On the other hand, becoming an AR is an alternate way to enter the financial services industry in Australia. But clearly understand, you can only provide a financial product on behalf of an AFSL.

At Compliance National we can assist you in applying to become authorised by one of our many responsible and compliant AFSL holders.

We guarantee that all applications will be resolved ( approved or not approved)and determined within in 14 days!

Our Commitment

At Compliance National we treat our clients with courtesy, honesty and integrity. We deliver practical and informed advice that achieves results. We will lead you on a course to authorised representation with a stable and compliant AFSL holder. Our years of experience and notable expertise ensure that your application is in good hands.

Our consistent track record of uncompromising ethics, instils confidence and trust. We use cutting edge technologies to ensure superior services to those wishing to enter the financial services world. This allows us to respond quickly, and gives you the best chance at authorisation.

Standard Requirements

  • The applicant can be a private person, a partnership or a corporation.
  • The applicant must be a current resident of Australia.
  • The applicant must be intending to provide a financial service or financial product in Australia to persons residing in Australia on behalf of an AFSL.
  • The applicant, partners and or directors must be of good fame and character and will be the subject of a National Police Check with the AFP, a Bankruptcy check with the AFSA and a "Banning" check with ASIC.
  • The applicant must be able to demonstrate that they have sufficient formal qualifications and experience that verifies their ability to provide the financial service or financial product. (i.e. Completed the RG146 course or other higher relevant tertiary qualifications).
  • The applicant must provide a short proposal that outlines what they want to do.
  • The applicant, partners and or Directors must be willing to undergo background checks and reference checks by experienced investigators.

Despite the exacting nature of the standard requirements, Compliance National's experienced and qualified staff can assist you in quickly demonstrating these requirements.

Costs and Associated Matters

There are no costs associated with us trying to locate an AFSL Holder for you. This is absolutely free if you are an Australian Company. Overseas inquires for assistance will attract a small fee for assistance.

However, costs associated with being authorised will be negotiated and set by the AFSL Holder once a Due Diligence Report is submitted.

A Due Diligence report on you will be undertaken only when agreed to by both you and any prospective AFSL Holder. The Due Diligence report will include probity checking, character testing, reference and background checks. That cost is set at $890.00 AUD Inc. GST.

Typically, most AFSL holders will set monthly costs for the Authorisation Fee, Professional Indemnity Insurance Costs and Compliance Costs. These costs vary according to your business model and risk profile. The costs will be reasonable, negotiable, competitive and in line with Australian standards.

How to get started with CN

Getting started with CN is easy, just fill out the contact form on the right hand side of the webpage and one of our senior compliance officers will contact you.