Hi Gav,
We are not aware of the specific pricing that licensees offer. You will need to make your own enquiries in this regard.
However, we do note that becoming an AR of an existing AFS licensee is an important decision that should take into account a range of factors other than cost. You will need to identify a licensee that holds the authorisations that cover the type of business you seek to run and is a good cultural fit with your business. The licensee will have a high level of oversight over your operations, so you need to ensure that your expectations match and that you can communicate effectively.
You will also need to consider the licensee’s prior conduct. ASIC has expressed concerns with some licensees who appoint ARs but do not conduct adequate supervision of the ARs’ businesses. Ensuring that you are aligning your business with a licensee possessing a strong compliance culture will help you stay within the law and avoid unwanted attention from the regulators.
Feel free to contact our office for further information.
Author: David Court
Co-contributor: Megan Jaksa
