You will require this licence if you wish to operate as a friendly society.
A friendly society is an Australian, mutually owned, not-for-profit company that provides financial benefits, such as funeral costs, sickness cover, hospital insurance and retirement benefits for its members.
Please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
Please consult the Contact Officer or view the attached guidelines for more information regarding eligibility requirements.
General application fee: $80 000.
Application for Registration as a Friendly Society - Please consult the Contact Officer for information on forms to be submitted.
Australian Prudential Regulation Authority
Life Insurance Act 1995 (Australian Government)
Life Insurance Regulations 1995 (Australian Government)
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