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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 ..
FAIRNESS, VULNERABILITY AND FINTECHS… 15 Jun 2020
Regulators have a laser focus on ‘fairness’ following the numerous scandals involving overcharging, underservicing and poor customer outcomes that were laid bare in the Royal Commission into Banking. For fintechs, this means making sure fairness is embedded at every customer touch point. This is ..
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 ..
STARTing UP…HOW TO GET TO MARKET SOONER! 25 Mar 2020
So you’ve got an awesome idea, MVP or full product/service offering and are eager to disrupt the market… but don’t know how you’re regulated or how to comply? I’m not surprised! The Australian regulatory landscape is complex and can favour incumbents and the big end of town. Start-ups ..
CASHING IN ON PAYMENTS! 10 Feb 2020
Payments are a central part of everyday life but the regulations that govern them are complex. If Australia is to be a leader in the fintech space, it’s time for a holistic review of our regulatory framework for payments. Digital payments are on the rise Every purchase or sale we m ..
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 ..
INSURANCE ALTERNATIVES: PART 4: DISCRETIONARY MUTUALS. 19 Nov 2019
In our final post in this series on insurance alternatives, we outline the ultimate peer-to-peer insurance alternative – discretionary mutuals. What is a discretionary mutual? A discretionary mutual is a structure that offers discretionary risk protection to its members. Discretion ..
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