Yes. Assured Support assists prospective and existing AFS licensees with AFSL applications, licence variations, governance frameworks, compliance systems, and regulatory documentation. ASIC expects AFSL applicants to demonstrate organisational competence, adequate resources, appropriate risk management systems, and the ability to comply with ongoing licence obligations relevant to their authorisations and business model.
Expanded Answer
Assured Support assists advisers, businesses, and prospective licensees preparing Australian Financial Services Licence applications and related compliance frameworks. Support may include licence strategy, authorisation scoping, responsible manager structuring, compliance documentation, governance arrangements, risk management frameworks, breach reporting systems, and operational controls aligned with ASIC expectations.
ASIC assesses AFSL applications by reference to the applicant’s organisational competence, financial resources, compliance arrangements, technology systems, supervision frameworks, and capacity to deliver financial services efficiently, honestly, and fairly. Appropriate licence structures and compliance systems depend heavily on the nature of the financial services being provided, distribution models, client cohorts, outsourcing arrangements, and operational complexity.
AFSL applications often require applicants to demonstrate not only technical compliance capability, but also practical governance, monitoring, reporting, and risk management processes capable of operating effectively after licensing approval. See also A practical guide to Australian financial services licences (AFSL) and Thinking about self-licensing.
Why it matters
ASIC may refuse AFSL applications where applicants cannot adequately demonstrate competence, resources, governance capability, or sustainable compliance arrangements. Weak licence scoping, poorly designed frameworks, or inadequate operational controls can create significant regulatory risk, licensing delays, remediation costs, or ongoing supervision issues after authorisation.
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Practical guidance
- Assess whether your proposed authorisations align with your intended services, client base, and operational capability
- Document governance arrangements, compliance systems, and responsible manager responsibilities before lodging an application
- Review whether your risk management, supervision, breach reporting, and monitoring frameworks are scalable and operationally workable