Financial services lawyers

We help AFSL & ACL holders, ADIs, fund managers, fintechs, payments & digital asset businesses navigate Australian financial services regulation – from licensing & product disclosure to governance, investigations & remediation.

Financial services regulatory & commercial support

We advise financial services businesses on the full lifecycle of regulation – licensing strategy, AFSL & ACL applications, product structuring, disclosure, governance & regulatory engagement. Our focus is on clear, workable documents & advice that reflect how your business actually operates.

We regularly act for AFSL & ACL holders, fund managers, platforms, brokers, payments & digital asset businesses, so your arrangements are commercially workable & regulator‑aware across ASIC, APRA & AUSTRAC where relevant.

Our Services

We support regulated & advice‑driven businesses across licensing, product documentation, governance & regulatory engagement.

Our financial services legal services include:

01. Licensing & Regulatory Applications

Managing AFSL, ACL & ADI/Restricted ADI applications to secure the correct authorisations for your specific business activities.

Drafting plain-English PDS, FSG & TMDs to protect your commercial interests & satisfy ASIC disclosure rules.

Mapping your product structure against financial services law to confirm which licensing regimes actually apply.

Designing risk management frameworks & AML/CTF programs to embed compliance into your daily operations.

Running due diligence on licence transfers to flag regulatory risks before you acquire a financial business.

Responding to ASIC & AUSTRAC notices to control enforcement risk & protect your licence from suspension.

Who We Advise

We act for regulated financial services businesses & related corporates that need clear compliance arrangements with regulators.

Financial services clients we act for include:

Product providers

Advice providers

Credit providers

AFSL wholesale

Payments businesses

Carbon markets & renewables

Fintechs

Crypto, digital currency & virtual asset providers

Our Clients Include

Discuss Your Financial Services Legal Needs

Our financial services lawyers will contact you to discuss your situation & outline next steps.

How The Process Works

Step 1

Licensing & regulatory health‑check

We map your business model against the regulatory perimeter to confirm exactly which financial service laws apply to your structure.

Step 2

Strategic Planning & Design

We design a practical legal strategy that aligns your compliance framework with your commercial goals & launch timelines.

Step 3

Execution & Documentation

We draft your commercial agreements & disclosure documents while managing regulator interactions to keep your project moving.

Step 4

Implementation & Ongoing Support

We help embed controls into your daily operations & provide ongoing compliance advice as your external General Counsel.

What Our Clients Say About Working With Us

Discuss Your Financial Services Legal Needs

Our financial services lawyers will contact you to discuss your situation & outline next steps.

In Financial Services & AML/CTF Law
0 + Years
AUSTRAC‑Regulated Businesses
0 + Sectors
Scope & Pricing Agreed Upfront
0 % Fixed-Fee

Why Choose Click Legal

Lawyer‑led financial services work

Your matters are led by specialist financial services lawyers, not generic commercial practitioners, so advice aligns with the Corporations Act, NCCP & regulator guidance.

Deep regulatory experience

We have experience acting for AFSL & ACL holders, fund managers, platforms, payments & digital asset businesses, and understand how ASIC, APRA & AUSTRAC approach supervision & enforcement.

Integrated legal, compliance & AML/CTF capability

We combine licensing & product advice with AFSL/ACL compliance frameworks and AML/CTF support, so your arrangements are consistent across regimes rather than handled in silos.

Fixed, transparent pricing

We scope projects tightly and use fixed or staged fees wherever we can, so you can plan your regulatory & legal spend with confidence.

Meet Your Legal Team

Discuss Your Financial Services Legal Needs

Our financial services lawyers will contact you to discuss your situation & outline next steps.

Financial Services Law Basics

The Regulatory Perimeter

Many fintechs trigger licensing laws without realising it. Operating unregistered carries significant civil & criminal penalties.

Exemptions exist but are strictly interpreted by ASIC. Our financial services lawyers help you map activities to the correct regime.

Retail vs Wholesale Clients

Retail clients require extensive disclosure documents & consumer protections. Wholesale clients allow for lighter compliance frameworks.

Misclassifying a client is a frequent compliance breach. Our financial services lawyers help you apply the sophisticated investor tests accurately.

Design & Distribution Obligations

Issuers must design products for specific target markets. You need a Target Market Determination before you start selling.

Distributors also face strict reporting duties under this regime. We help you draft TMDs that support compliant distribution & accurately reflect your product & target market.

AFSL Document Templates / Proof Documents

These documents form the foundation of your AFSL application.

Essential Compliance Documents for AFSL Holders

Practical templates to manage AFSL compliance obligations, AML/CTF settings & core governance policies.

Legal & Compliance Insights

Frequently Asked Questions About Financial Services Law

You generally need an Australian Financial Services Licence (AFSL) if you carry on a financial services business in Australia involving dealing, advising or custodial services. Specific exemptions may apply depending on your structure, activities & whether you deal with retail or wholesale clients. We map your activities to confirm exactly what licensing is required.

Wholesale clients generally meet specific wealth, income or sophistication tests, while retail clients are everyday consumers who receive stronger regulatory protections. The distinction is critical because treating clients as wholesale can significantly change your disclosure, conduct & dispute resolution obligations. We help you classify clients correctly & set up processes accordingly.

If you offer financial products to retail clients, you will typically need a Product Disclosure Statement (PDS) & a Financial Services Guide (FSG), and in many cases a Target Market Determination (TMD) under the Design & Distribution Obligations regime. We draft plain‑English PDSs, FSGs & TMDs that are commercially clear while meeting ASIC’s expectations.

Yes, we handle the acquisition or sale of financial services businesses, including due diligence on licences, authorisations, conditions & regulatory history. We manage the transaction documents and required notifications to regulators so changes of control & Responsible Managers are handled properly.

ASIC assessment times vary, but a standard AFSL application often takes several months from lodgement to decision. Timeframes depend on the complexity of your model, the quality of your application & ASIC’s workload. We work to minimise avoidable delays by scoping correctly and preparing complete proofs.

Yes, we represent licensees & related entities facing notices, surveillance or enforcement from ASIC & AUSTRAC. Our focus is on managing legal risk, preparing accurate responses, negotiating practical outcomes and protecting your licence & reputation.

A TMD is a public document that describes the class of consumers a product is suitable for, how it should be distributed & what review triggers apply. It sits at the heart of the Design & Distribution Obligations framework. We help you develop TMDs that reflect your product, distribution model & regulatory expectations.

Yes, we regularly work alongside internal teams, compliance consultants, offshore counsel & other advisers. Our role is to own the financial services law & product risk piece, and to ensure the legal documents & regulator engagement are consistent with the broader advice you’ve received.

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