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Thanks for your question.
An Authorised Representative carries on business as a representative of an AFSL holder. Although many financial services can be provided in a representative capacity, this is not the case if you are issuing a financial product, such as your own Managed Investment Scheme. In that case you will be acting as a principal and not as a representative. There are some limited exceptions to this and you should seek legal advice. Also, because the Scheme is to be marketed to retail clients, it will need to be a registered scheme, with a responsible entity that is a public company.
Please feel free to contact our Financial Services Team for further information.