Exam focus
ASIC authorised representative, representative, relevant provider, ASIC Connect, and public-register appointment workflow.
Who this helps
- - Authorised representative candidates
- - AFSL licensees appointing representatives
- - Financial adviser onboarding teams
- - Compliance teams checking register records
Route map
- 1. Start with the person or entity status: individual, body corporate, partnership, trustee group, employee, director, or sub-authorised person.
- 2. If the person is an authorised representative, the AFS licensee or authoriser gives written authorisation for specified financial services and notifies ASIC through the appointment process.
- 3. If an employee or director provides personal advice to retail clients on relevant financial products, check the Financial Advisers Register appointment and registration route even if authorised representative status is not needed.
- 4. Use ASIC professional registers to confirm the public record after appointment, update, or cessation transactions.
Licensing context
- - Authorised representative status is a representative route under an AFS licence; it is not an AFSL held by the representative unless the representative separately has a licence.
- - A relevant provider can appear on the Financial Advisers Register and, if also an authorised representative, on the Authorised Representatives Register.
- - General advice, wholesale-only advice, and personal advice on non-relevant products can fall outside the Financial Advisers Register while still requiring representative or licence-scope analysis.
Study focus
- - Build a role matrix showing services authorised, products, client types, sub-authorisation permission, supervision, and public register entries.
- - Learn the appointment/update/cease workflow in ASIC Connect and keep written authorisation evidence with the person file.
- - Separate authorised representative status from relevant-provider professional standards, RG 146 training, responsible manager competence, and AFSL authorisation.
What to verify before relying on the route
- - Whether the person needs authorised representative appointment, relevant provider appointment and registration, both, or neither because they are only an employee/director representative.
- - Whether the authorised services stay within the appointing AFS licensee's licence scope.
- - Whether ASIC notification, register update, maintenance, and cessation timing has been met.
Application tie-in
- - AFSL applications and variations should show how representatives will be selected, authorised, trained, supervised, monitored, and removed.
- - Evidence packs should include written authorisations, role descriptions, product/client limits, register checks, supervision owners, and update procedures.
- - Tool outputs should link users to the public register and the official ASIC appointment pages before they rely on a representative status claim.
Common mistakes
- - Assuming an authorised representative has their own AFSL.
- - Forgetting that relevant provider appointment and registration can sit on top of authorised representative status.
- - Letting representative services exceed the appointing licensee's authorised financial services.
- - Checking only one public register where both FAR and authorised representative records may be relevant.
Paper and module study maps
- - Australia authorised representative appointment and register map: Authorised representative appointment, ASIC notification, ASIC Connect workflow, public register checking, and FAR overlap.
Disclaimer
Information on LicenseCompare is for general educational purposes only and does not constitute legal, regulatory, financial, tax, investment, or professional advice. Licensing requirements depend on facts and change over time. Always consult official regulator materials and qualified professional advisers.