Guidance · ASIC · 2 Apr 2026 · RG-167

RG 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.

AustraliaAustralian Securities and Investments Commission

Issued July 2022

This guide is for Australian financial services (AFS) licensees and financial services providers.

It explains:

how we use our powers to impose AFS licence conditions to support the AFS licensee obligations under the Corporations Act;

our approach to applications for relief from compliance with Pts 7.6–7.8 (other than Divs 4 and 8 of Pt 7.6) of the Corporations Act;

how you can apply for relief; and

our approach to relief for securitisation special purpose vehicles and for providers of generic financial calculators (excluding superannuation calculators).

Note 1:
From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal . For more information, see apply for relief .

Download RG 167 (PDF 639 KB)

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