Regulatory Alerts2026-04-02 | RG-167RG 167 AFS licensing: Discretionary powers
The Australian Securities and Investments Commission issued this guide to explain how it uses discretionary powers to impose Australian financial services licence conditions and grant relief from specific compliance obligations. It details the application process for relief under Parts 7.6 to 7.8 of the Corporations Act, including specific provisions for securitisation special purpose vehicles and generic financial calculators. The document also notes that applications for relief must be submitted through the ASIC Regulatory Portal.
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