Registration of Financial Corporations - Australian Government

Service summary

You will require this registration if you operate a financial corporation.

A financial corporation is one:

  • Whose total assets exceed $5 million
  • Whose sole or principal business in Australia is borrowing money and provision of finance
  • Whose assets arising from the provision of finance exceed 50 per cent of its total assets in Australia.

The Act does not apply to authorised deposit taking institutions such as:

  • Banks
  • Building societies
  • Credit unions.

Please note there are a variety of reporting standards that financial corporations, such as registrable superannuation entities, are required to comply with when providing financial information to the Agency, such as:

  • Statements of financial performance
  • Statements of financial position
  • Information relating to the asset allocation and investment flows
  • Information relating to accrued default amounts.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

Please consult with the Contact Officer for information on any eligibility requirements.

Duration

Ongoing.

Fees

 TypeDescription
ApplyApplication

No fees are required.

Forms

Administering agency

Australian Prudential Regulation Authority

Act(s) name

Financial Sector (Collection of Data) Act 2001 (Australian Government)

Contact details

Enquiries
Australian Prudential Regulation Authority

Phone:

02 8037 9015

Toll Free:

1300 558 849

Contact us website:

http://www.apra.gov.au/Pages/Contact-APRA.aspx Opens in a new browser window

Website:

Australian Prudential Regulation Authority Opens in a new browser window

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.