Authorised Representative Agreements

Authorised representative agreements

You will be aware of the requirements in the Corporations Act 2001 that persons carrying on a financial services business must either hold an Australian financial services licence or be a representative of a licence-holder.

The authorised representative agreement, apart from satisfying legislative requirements, is fundamental in terms of setting out both the general boundaries and specific details which will govern the relationship between a licensee and its authorised representative.

Things to consider when appointing an authorised representative include:

• the legislative requirements - what should be included in the authorised representative agreement
• the different types of authorised representative agreements - corporate authorised representative agreements, individual authorised representative agreements, the role of employment agreements
• the essential terms - including fee structure, termination and warranties by the authorised representative.

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Authorised Representative Agreements by Holley Nethercote Commercial Lawyers is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 2.5 Australia Licence.

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