Appointments and Terminations

Appointments and Terminations - AFSL

Version 6.4 - Last updated: 5 March 2025

This bundle includes policies and tools to assist AFS licensees with appointing and terminating (or 'offboarding') representatives. It covers employees, individual authorised representatives, corporate authorised representatives, financial advisers, responsible managers and key persons. It is designed to meet regulatory obligations in a range of areas.

For appointing representatives, these areas include reference checking and other due diligence requirements, authorising representatives, notifying ASIC, providing references under ASIC’s Reference Checking Protocol, and associated record keeping requirements, as well as a fit and proper declaration.

For offboarding representatives, these areas include revoking authorisations, notifying ASIC, notifying clients, conducting exit reviews, and associated record keeping and record access requirements. The tools provided include checklists, appointment and revocation forms, and reference checking forms.

Note: The Representatives - Appointing, Reference Checking and Reference Giving Policy will require further updates made to it relating to the Protocol, in early 2025.

Included documents

Document Version Type Date
Appointing a Responsible Manager and/or Key Person Policy - AFSL 2.0 Policy 25 Sept. 2024
Representatives: Appointing, Reference Checking and Reference Giving Policy - AFSL 3.2 Policy 5 March 2025
Offboarding Policy - AFSL 1.1 Policy 24 Feb. 2025
Appointing a Representative Checklist (Non Financial Adviser) - AFSL 2.1 Tool 16 Oct. 2024
Representative Register - AFSL 1.0 Register 1 Jan. 2018
Appointing a Representative Checklist (Financial Adviser) - AFSL 2.2 Tool 5 March 2025
Appointing a Responsible Manager Checklist - AFSL 2.0 Tool 25 Sept. 2024
Appointment by Authoriser Form - AFSL 2.0 Tool 13 Sept. 2022
Authorisation - Authoriser Form - AFSL 2.0 Tool 13 Sept. 2022
Authorised Representative Form - AFSL 2.0 Tool 13 Sept. 2022
Consent Form (Financial Adviser) - AFSL 1.1 Tool 5 March 2025
Employee of a Licensee Form - AFSL 2.0 Tool 13 Sept. 2022
Experience Pathway for Financial Advisers – FAQs - AFSL 1.0 FAQs 5 July 2024
Offboarding a Representative Checklist - AFSL 1.0 Tool 27 April 2023
Reference Request (Financial Adviser) - AFSL 1.1 Tool 5 March 2025
Registration of a Relevant Provider, including Fit and Proper Declaration - AFSL 1.1 Tool 30 Jan. 2024
Responsible Manager Register - AFSL 1.0 Register 6 Feb. 2025