The Financial Planning Association of Australia The Financial Planning Association of Australia

Financial Adviser Register


Launched on 31 March 2015, ASIC’s Financial Adviser Register helps consumers to verify that adviser financial planner is appropriately authorised to provide advice and find out more about the financial planner, before entering into a financial advice arrangement. The register also gives employers greater ability to assess new financial planners and improve ASIC’s ability to identify and monitor all financial planners. Over time, we believe this register will inevitably ensure industry standards continue to improve.

In this video, FPA General Manager Policy & Conduct, Dante De Gori, provides further insight into the purpose of ASIC’s Adviser Register.

Information required for the register

The register will include the following information:

  • the adviser’s name, registration number, status and experience
  • the adviser’s licensee, previous licensees/authorised representatives and business name
  • what product areas the adviser can provide advice on any bans, disqualifications or enforceable undertakings
  • details around ownership of the financial services licensee and disclosure of the ultimate parent company where applicable.
  • the adviser’s qualifications and professional association memberships (from May 2015)

Read the Minister’s media release

How to upload information on the register

Licensees are responsible for uploading the required information about its representatives on the register.

ASIC has released the following guidance on how to upload information on the register:

Financial planners should provide the required information to your Licensee as soon as possible.

Register fees for licensees

Licensees will be charged the following fees on a per-notice basis:

  • When registering an authorised representative or any representative in the first instance
    I. Online = $43
    II. Any other means = $79
  • When notifying ASIC of a change to a representatives circumstances
    I. Online = $29
    II. Any other means = $50

No fee is payable when notifying ASIC of a change to who controls the licensee.

No fee is payable when registering any representative within ten business days of the date the AFS license takes effect.

There is a transition period of 3 March – 30 September 2015. During this period, no fee will be charged for updating existing details on the register and no late fee will be charged for registering representatives.

The Regulations

On 12 February, regulations were put in place allowing ASIC to begin compiling the adviser register. The register will be operational from 31 March 2015, however, licensees can lodge information on their financial advisers from 9 March 2015. Licensees are only required to lodge information about an advisers education and professional memberships from 23 May 2015.

Read the Corporations Amendment (Register of Relevant Providers) Regulation 2015

Read the Corporations (Fees) Amendment (Register of Relevant Providers) Regulation 2015

Any questions?


We are always keen to hear your valuable feedback and suggestions. Please let us know if there are any policy issues or concerns that affect you.

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