Australian Financial Services Licensing (AFSL) Forum

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #5052 Reply


    Hi There!!
    We are planning to set up is:

    1. A Financial Investment company to Manage a Managed fund (MIS)
    2. Target market is retail investors to invest their money and SMSF (if any)
    3. We will reinvest the investors’ money into property development
    4. The investors will be given back the profit @ 100% after deduction of costs (establishment, admin, legal and marketing costs)
    5. We will charge fund management fees @ 2.5% to investors

    The service we are looking for; to find a right licensee may be interested to appoint us as their Authorised Representative.

    Please send me an email at if anyone is interested.

    #5070 Reply

    Grant Holley

    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.

Viewing 2 posts - 1 through 2 (of 2 total)


Reply To: To Set-up a new company

Your information:

<a href="" title="" rel="" target=""> <blockquote cite=""> <code> <pre class=""> <em> <strong> <del datetime="" cite=""> <ins datetime="" cite=""> <ul> <ol start=""> <li> <img src="" border="" alt="" height="" width="">

  • Free answers to common Financial Services Regulation (FSR), Consumer Credit and AML/CTF issues.

    Click here to join our LinkedIn group for responsible managers and compliance professionals.
  • Training

    Regulatory Compliance Training for Directors, Responsible Managers and Compliance Staff

    View Courses

  • Legal Advice

    Review your AFSL or ACL disclosure documents, conduct a licensee audit and more…

    Get Legal Advice

  • Compliance support

    The HN Hub – an online platform built to support Responsible Managers and Compliance Staff