Good question. I can only see ASIC website talking about employees of the licencee, nothing about related companies etc. Why not make them an employee of the licence directly? Personally I think it comes down to who is the providing entity. If they are providing it on behalf of the licencee, I think they are financial advisors only. If they are providing it on behalf of the trust or themselves, or another CAR perhaps, they are external reps and advisors. I’m not a lawyer, but thats my 2 cents
