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	Number	Last updated	Question
	QFS 7	24/11/2003	I am a trustee or operator of an unregistered scheme. Do I need an AFS licence for providing a custodial or depository service?
	QFS 9	24/11/2003	Does a service company need to be a licensee or an authorised representative when its employees are involved in providing financial services on behalf of a related licensee?
	QFS 10	18/05/2004	Do the AFS licensing requirements apply to accountants?
	QFS 21	16/10/2006	What licensing exemptions apply to foreign exchange transactions?
	QFS 24	29/03/2004	Is an accountant arranging off-market transfers at request of client, or while providing share registry services, exempt from FSR licence requirement?
	QFS 35	14/03/2005	Do I need an AFS licence to issue or distribute extended motor vehicle warranties?
	QFS 36	25/11/2003	What is the scope of the APRA wholesale licensing exemption under s911A(2)(g)?
	QFS 37	04/12/2003	What financial services can I provide if I am a licensee and I am acting under a binder?
	QFS 75	16/08/2004	How do you use the Financial Services Training Package (FSTP) to meet Tier 1 requirements for personal, sickness and accident products (PAI) and for conventional term deposit products that do not meet the basic deposit product definition (eg they exceed 24 months)?
	QFS 104	19/12/2003	Does an adviser have to consider the financial situation, needs AND objectives of the client for advice to be considered personal advice under the Corporations Act 2001?
	QFS 109	13/11/2003	Can an AFS licensee hold a binder without being an authorised representative?
	QFS 114	19/04/2004	Who is my client?
	QFS 116	24/11/2003	What dealing authorisations do I need to apply for if I am the trustee of a public offer entity in the superannuation industry?
	QFS 121	13/01/2005	Is there a licensing exemption available for the issue of debentures?
	QFS 122	19/05/2004	What guidance can ASIC give me about when I 'make a market'?
	QFS 123	22/12/2004	I am an accountant. What advice can I provide about self managed superannuation funds (SMSFs) and related activity under reg 7.1.29?
	QFS 125	08/03/2007	What is our approach to 'arranging'?
	QFS 127	04/12/2003	If a retail client chooses to acquire a financial product, such as an interest in a managed investment scheme, and needs to fill out an application form to do so, what address should the client provide on that application form?
	QFS 132	24/11/2003	Is a bill of exchange a financial product?
	QFS 136	13/09/2006	What changes to a PDS, Short-Form PDS, Supplementary PDS or Supplementary Short-Form PDS trigger the requirement to lodge a new 'in-use' notice?
	QFS 137	17/02/2004	What information about investment choice must a trustee of a superannuation fund include in its Product Disclosure Statement?
	QFS 138	17/02/2004	What information about eligible rollover funds do superannuation trustees need to include in Product Disclosure Statements?
	QFS 139	19/03/2004	What should an insurance intermediary do with premiums paid to it by a client?
	QFS 144	22/06/2004	Does a regulated person need to actively notify clients of the availability of information that would have been included in a Product Disclosure Statement in order to rely upon s1012D(2)?
	QFS 146	21/12/2006	How can continuous issuers of financial investments and contributory mortgage products comply with the PDS disclosure obligations?
	QFS 150	25/11/2004	When financial services are provided to a trustee of a superannuation fund, are they provided to a retail client?
	QFS 151	25/11/2004	Does Policy Statement 179 affect whether a client of a managed discretionary account is a wholesale client?
	QFS 155	11/01/2005	How should common fund expenses be notionally allocated in periodic statements?
	QFS 165	13/11/2006	I am an authorised representative (or general insurance distributor). Do I have to refer to my AFS licensee in business documents?
	QFS 166	04/05/2007	I am a body corporate that is an authorised representative of a licensee. Do my officers and employees also need to be authorised representatives of the licensee?

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About our FAQs
These FAQs provide general information about how we are regulating the financial services industry following our implementation of the Financial Services Reform legislation. We are unable to provide legal advice or interpretations of the legislation. These FAQs should not be treated as legal advice, nor as statements of our policy.

We are not able to comment or provide guidance on specific commercial situations. We recommend that you get your own professional advice before making any decisions about your particular situation.

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