Registration of Financial Corporations - Australian Government

Description

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

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other

No fees are required.

Administering agency

Australian Prudential Regulation Authority

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries

Toll Free: 1300 558 849
Phone: 02 8037 9015
Contact us website: http://www.apra.gov.au/Pages/Contact-APRA.aspx (Opens in new window)
Website: Australian Prudential Regulation Authority (Opens in new window)