Relief from financial services provisions
See also:
Latest releases
For the latest releases on financial services topics including relief see What's new - financial services.
Applying for relief
When applying for relief from the financial services provisions, make sure you:
1. Apply early
If you’re thinking of applying for relief from the financial services licensing or disclosure provisions, you should apply as early as possible. Applications for relief often raise issues that may take some time to resolve.
2. Apply through the ASIC Regulatory Portal
You should submit your application for relief through the ASIC Regulatory Portal. You will need to pay fees for an application. We have provided details about payment options in the portal.
The portal features structured online transactions with mandatory fields and questions that make it easier for applicants to ensure the information ASIC requires is provided upfront.
For more information, see how you apply for relief.
3. Address the criteria in our policies on relief
You should specifically address the criteria set out in our policies on relief.
For example, in your application you should particularly address the commercial benefit and any net regulatory benefit or detriment from granting the relief you seek. If you think you have special circumstances or you are disproportionately affected by the FSR provisions, clearly set out your reasons.
Reports on relief applications
These reports provide an overview of situations where ASIC has exercised, or refused to exercise, our exemption and modification powers. This includes applications from financial service providers for relief from the licensing, conduct, disclosure and managed investments provisions of the Corporations Act 2001.
The reports also cover applications for relief from the financial reporting, takeovers, or fundraising provisions of the Corporations Act 2001, and provisions of the National Consumer Credit Protection Act 2009 or National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009.
ASIC guidance on relief
You can download copies of our regulatory guides on relief from the financial services provisions:
Regulatory Guide 51 Applications for relief
Regulatory Guide 167 Licensing: Discretionary powers
Regulatory Guide 169 Disclosure: Discretionary powers
Regulatory Guide 21 How ASIC charges fees for relief applications
List of class order relief by topic
View our regulatory index for financial services class order relief.
