The terms “fund,” “syndicate,” “club investment” and various other terms all refer to the same concept defined under the Corporations Act 2001 as a “managed investment scheme.”

The key to an AFSL requirement centres on the words: ‘Carrying on a financial services business’.

An authorised representative is an individual or entity that acts on behalf of an Australian financial services licensee (AFSL) to provide financial services to clients.

Usually, yes. The financial services rules were introduced to regulate the raising of money and promote transparency and accountability in financial transactions. They generally apply to anyone who is raising money by whatever means.

WHAT IS AN AFSL? AFSL stands for Australian Financial Services License. It is a license issued by the Australian Securities and Investments Commission (ASIC) that allows a company to carry on a financial services business in Australia. WHO NEEDS TO HAVE AN AFSL? AFSL stands for Australian Financial Services License. It is a license issued […]

AFSL Australian Financial Services Licence ASIC Australian Securities & Investments Commission Authorised Representative A person or entity that has been authorised by the holder of an AFSL to provide Financial Services. Constitution A document governing the operation of the Managed Investment Scheme Custodian An entity of some substance that holds the assets of the Managed Investment Scheme. Dealing in a […]

In our article An AFSL is a legal requirement for virtually every person that raises money we explained that property developers who think they don’t need an AFSL to comply with the law are almost always wrong. This example explains why, as well as the consequences. Meet Blake – a successful property developer looking to […]

An Australian Financial Services License (AFSL) is a legal requirement for virtually every person that raises money. But considering its longevity and integral role it plays in the industry, it’s surprising how much confusion and uncertainty surrounds an AFSL. We explain more in this article. UNDERSTANDING THE ROLE OF AFSLs AND WHEN THEY’RE REQUIRED An […]

MARQ Trustees joined the property fund industry’s finest at the 2024 Property Funds Association (PFA ) conference.

MARQ Trustees is providing AFSL services to the Clean Energy Transfer Fund.

We are delighted to announce to our clients, partners and wider professional network that our CFO, Matthew Haynes, has become a part owner in MARQ Trustees.

MARQ Trustees is providing AFSL services to Lowe Living’s LGH Investment Fund #15, offering investment in their South Melbourne development, Emerald Place.

MARQ Trustees has scored significantly higher than its peer group in the Australian Securities and Investments Commission ASIC 2023 Cyber Pulse Survey.

MARQ Trustees hosted clients and industry friends at its annual End of Year Lunch, a highlight in the team’s event calendar.