Can I buy a House with Bitcoin?
Absolutely! Buying a house with bitcoin is possible … although there haven’t been all that many instances of it. Technically bitcoin is not recognised as a legal tender by theRead 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
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
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
What is Responsible Managers Training?
In your AFSL application you must nominate your responsible managers. The responsible managers you select must meet a specific level of skills and experience. Your responsible manager should undertake theRead More
What is Vendor Finance?
Vendor finance refers to an arrangement where a person selling a business also funds part of the purchaser price. Under a vendor finance loan agreement, the buyer pays an initialRead More