FS 165 I am an authorised representative (or general insurance distributor). Do I have to refer to my AFS licensee in business documents?
Yes, as an authorised representative (or general insurance distributor) you must generally refer to your Australian financial service (AFS) licensee in your business documents that are connected to the provision of a financial service. This is necessary to avoid the s911C Corporations Act 2001 prohibition on holding out that you have an AFS licence if you don’t, and to avoid misleading consumers. Explanation If you are an authorised representative (or general insurance distributor under [CO 05/1070]) you must make it clear that you act in a representative capacity and identify the AFS licensee that you represent. Your business documents must not create the impression that you act as principal in relation to the financial services that you provide. This is important information for consumers because it is your AFS licensee who has ultimate responsibility for the financial services that you provide. Failure to identify your AFS licensee in business documents connected to the provision of
