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AN AFS LICENSING EXEMPTION FOR PRODUCT ISSUERS - INTERMEDIARY AUTHORISATION. 30 Jun 2020
Providing financial products to retail clients in Australia is almost impossible unless you hold an Australian financial services (AFS) licence. The intermediary authorisation exemption is virtually the only way product issuers can avoid licensing provided it’s used correctly. What is  ..
3 TIPS TO RAISE FUNDS EFFICIENTLY IN A TOUGH MARKET. 22 Jun 2020
To commercialise and grow, your business needs capital. But the ongoing fallout from COVID-19 means this may be easier said than done. For a variety of reasons debt may also not be affordable or attainable. Waiting it out may not be viable for your cashflow, could be detrimental to your str ..
HOW COVID-19 HAS AFFECTED REFORMS TO WEALTH BUSINESSES. 26 May 2020
With the ongoing COVID-19 pandemic, it’s fair to say that regulators and businesses have shifted their priorities. Timelines for legislative reforms driven by the Hayne Royal Commission and licence applications for wealth businesses have changed. APRA and ASIC licences may be delayed  ..
SAVE TIME AND MONEY WITH OUR PORTFOLIO TRANSFER AGREEMENT TEMPLATE. 21 May 2020
As the Covid-19 pandemic continues (despite some restrictions now lifting), client portfolio transfers still need to get done. You can record your transaction in a time and cost-efficient way with our easy to use, fixed price, customisable template. Who can use the template?  ..
MORE THAN A SYNONYM – WHAT IS A FIT AND PROPER PERSON? 19 May 2020
The ‘fit and proper’ person test previously only applied to credit licensees – but now it applies to AFS licensees as well. The change is bigger than it looks Previously AFS licensees had a lower threshold test that a person be of ‘good fame and character.’ On the face ..
DELIVERING DOCUMENTS ELECTRONICALLY. 12 May 2020
With the ongoing Coronavirus pandemic, more businesses are communicating with clients electronically. But what are your options when you need to supply or sign documents? Financial professionals must give their clients certain documents, including: Product Disclosure Statements ..
RETAIN STAFF AND INCREASE BUSINESS WITH NON-CASH INCENTIVES. 05 May 2020
The COVID-19 pandemic is testing us all but innovation is thriving. Increase revenue, retain cash and keep staff and referral partners motivated by being innovative with non-cash incentives. If done right your business will be ready to ramp up quickly when the economy takes off again …whe ..
FASEA CODE OF ETHICS - WHAT YOU NEED TO KNOW. 20 Feb 2020
We’re well into 2020 and the FASEA Code of Ethics (the Code) is currently in force. What should advisers and licensees be doing to make sure they comply with the Code? The Code came into effect on 1 January 2020. To make sure we’re all on the same page, I’ve answered some FAQs.  ..
NEW COMPENSATION SCHEME – LAST CHANCE TO HAVE A SAY. 03 Feb 2020
The Government will introduce a Compensation Scheme of Last Resort by the end of this year. You have until 7 February 2020 to submit your views on how it should work. The new Scheme will compensate the consumer or small business if AFCA makes a determination for compensation that is not pai ..
MARKET TRENDS: WHY TERM SHEETS ARE IMPORTANT AND WHAT TO INCLUDE IN YOURS. 30 Jan 2020
A well-drafted term sheet can save time and money when negotiating a sale agreement. Why do you need a term sheet? Term sheets are an important step to include in your transaction timeline. They set the foundations upon which the transaction agreement is based. It can prevent ..
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