All Articles by Lauren Hanna
What is the Difference Between Wholesale and Retail AFSL Clients?
There are two types of clients when delivering financial services and it is important that you understand the difference. The two types are wholesale clients and retail clients. When applyingRead More
What is the Difference in Liability Between a Director and a Sole Trader?
When deciding whether to operate as a sole trader or a company is it important to understand the liabilities of each. There are key differences between the personal liability ofRead More
How do Calderbank Offers Work?
A party can make an offer to settle a dispute through a Calderbank offer. Settlement is when the parties reach a resolution and decide not to take the matter toRead More
What is an Insolvency Notice?
When a company becomes insolvent they must lodge an insolvency notice with ASIC. The Corporations Act 2001 (Cth) requires these notices to be published and made accessible to the public.Read More
Are there AFSL Exemptions?
If you are a business that provides financial services and financial products then you are generally required under the Corporations Act 2001 (Cth) to hold an Australian financial services licenceRead More
Who Uses an AFSL?
An Australian Financial Service Licence (AFSL) allows you to conduct a financial services business. Under the Corporations Act 2001 (Cth) you are required to use an AFSL if you areRead More
How Do I Obtain an AFS Licence?
In order to legally conduct a financial services business, you need an Australian financial services (AFS) licence. An AFS licence allows you to carry out a range of activities includingRead More
How Does an AFSL Compliance Review Work?
An external AFSL compliance review can be a useful tool to ensure an AFSL holder is meeting all the legal requirements. A review can help identify and solve any complianceRead More