Guides on AFSL licensing, authorised representatives, wholesale schemes and compliance, for investment managers, corporate advisors and family offices. General information for a wholesale audience.
Start here: the pillar
Articles
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Why spreadsheets fail for compliance tracking →
They work, until they quietly don't. The five structural failure modes, and what a system does instead.
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Independent trustee or integrated licensee? →
Every wholesale fund needs a trustee, but not necessarily an independent one. The two structures compared.
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What is a corporate authorised representative? →
A company authorised to provide financial services under someone else's AFSL: how it works, and who carries the liability.
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PDS or information memorandum? →
One is a regulated retail document, the other isn't regulated at all. Which your fund needs, and why.
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Registered vs unregistered schemes →
The s601ED test, the wholesale exemption, trustee vs responsible entity, and why unregistered isn't unlisted.
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AFSL responsible managers →
What RG 105 requires, how many you need, and how the requirement is met under an existing licence.
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Choosing an AFSL licensee to operate under →
A buyer's guide: authorisation scope, supervision, the trustee question, cost, and the red flags before you sign.
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The wholesale client test: who qualifies? →
$500k product value, $2.5m net assets, $250k income, and the accountant's certificate that quietly expires.
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How to set up a wholesale fund in Australia →
The eight steps: the vehicle, the wholesale-client gate, registration, licensing, trustee and administration.
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What does it cost to set up a wholesale fund? →
$20k to $60k under an existing AFSL, or $60k to $100k plus $150k in NTA and 8+ months for your own.
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Do Corporate Advisors Need an AFSL? →
When corporate advisory work needs a licence, and how to weigh self-licensing against operating under an existing one.
More guides on wholesale schemes, syndication, compliance and the wholesale-client tests are in development.