RG 1
Australian Financial Services Licence Kit
ASIC's primary guidance on AFSL applications + obligations.
In plain English
RG 1 explains how to get an Australian Financial Services Licence (AFSL) and what you must do once you have one.
RG 1 applies to anyone seeking an AFSL or already holding one. It details the application process, ongoing obligations, and required standards. It covers areas like governance, consumer protection, and financial advice. The guide was last revised in December 2023 and is current.
Why it matters
If you provide financial services, RG 1 is essential. It helps you meet your legal obligations and avoid potential issues with ASIC. Understanding this guide is vital for compliance and maintaining a good reputation.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-1-licensing-kit/. Rules Mate indexes + summarises; always verify against the regulator's live publication.