AFSL meaning
AFSL stands for Australian Financial Services Licence. It authorises a person or company (the "licensee") to carry on a financial services business in Australia.
The licence is granted by the Australian Securities and Investments Commission (ASIC). The licensing regime sits in Chapter 7 of the Corporations Act 2001 and is designed to make sure financial services are provided efficiently, honestly and fairly.
What an AFSL covers
An AFSL lists the specific financial services a licensee is authorised to provide and the financial products those services relate to. Common authorisations include:
- Providing financial product advice (general or personal advice)
- Dealing in a financial product (issuing, applying for, varying or disposing of products)
- Making a market for a financial product
- Operating a registered managed investment scheme
- Providing a custodial or depository service
- Providing traditional trustee company services
What is an AFSL number?
Every licensee is given a unique AFSL number when the licence is granted. The number stays with that licensee and is used to identify them on the public register.
You will usually see the AFSL number in a financial services guide, on a provider's website, or in product documents. You can use it to look the licensee up and confirm the licence is current and what it authorises.
Look up any Australian Financial Services Licence by name, AFSL number, ABN or ACN.
Search AFSL recordsFrequently asked questions
What does AFSL stand for?
AFSL stands for Australian Financial Services Licence, issued by ASIC under the Corporations Act 2001.
Who issues an AFSL?
The Australian Securities and Investments Commission (ASIC) issues and regulates Australian Financial Services Licences.
Is an AFSL the same as a credit licence?
No. An AFSL covers financial products and services. Consumer credit activities are covered by a separate Australian Credit Licence (ACL), also issued by ASIC. Some businesses need both.
How do I check an AFSL number?
You can search an AFSL number, company name, ABN or ACN on AFSL Search to see the licensee, the licence status and its authorisations.