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Australia Corporations Act 2001 - AFSL Holder Obligations Under Chapter 7 Financial Services

The Corporations Act 2001 (Cth) Chapter 7, administered by ASIC, requires holders of an Australian Financial Services Licence (AFSL) to comply with…

What Australia Corporations Act 2001 - AFSL Holder Obligations Under Chapter 7 Financial Services requires

The Corporations Act 2001 (Cth) Chapter 7, administered by ASIC, requires holders of an Australian Financial Services Licence (AFSL) to comply with general obligations including acting efficiently, honestly and fairly, maintaining competence, ensuring representatives are adequately trained, and maintaining dispute resolution systems. Failure to comply is a civil penalty provision.

Pillar: Banking & Global Finance · Authority: Australian Securities and Investments Commission (ASIC) · Version: 1.0.0 · Last updated:

Primary source: https://www.legislation.gov.au/Series/C2004A00818

SHA-256 integrity: b1be646d2ac94e93c0c29e2d58505e66d8f3ffa38c0d150d9e346bde85bf85dd

Primary Citations — 5 traced to source

  • {"title":"Corporations Act 2001 (Cth) - Chapter 7 Financial Services","url":"https://www.legislation.gov.au/Series/C2004A00818","section":"ss 911A, 912A, 912B, 912D, 961B, 961G, 994B - AFSL, General Obligations, Breach Reporting, Best Interests"}
  • {"title":"ASIC Regulatory Guide 175 - AFS Licensing: Financial Services and Markets","url":"https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-175-afs-licensing-financial-services-and-markets/","section":"AFSL conditions and authorisation scope guidance"}

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