Annual AFSL compliance return
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# AFSL ANNUAL RETURN - COMPLIANCE CHECKLIST **Business:** Great Advice Financial Advisers **Priority:** P1 **Due Date:** 15 April 2026 **AFSL Holder:** George [AFSL Number Required] ## IMMEDIATE ACTION ITEMS ### 1. DATA COLLECTION (Complete by 15 March 2026) - [ ] Financial accounts for FY2025 (audited) - [ ] PI insurance certificate and renewal schedule - [ ] Current organisational chart - [ ] List of all authorised representatives and their status - [ ] Client complaint register summary - [ ] Breach register (if any reportable matters) - [ ] Training records for all relevant persons - [ ] Business continuity plan review date ### 2. FINANCIAL REQUIREMENTS VERIFICATION - [ ] Confirm minimum net tangible assets ($50k for individual, $150k for company) - [ ] Cash flow projections for next 12 months - [ ] Professional indemnity insurance minimum $20M aggregate - [ ] Surplus liquid funds calculation ### 3. REGULATORY OBLIGATIONS CHECK - [ ] ASIC Regulatory Guide 36 compliance review - [ ] Fee disclosure statements issued to all clients - [ ] Annual fee consent renewals completed - [ ] CPD requirements met (40 hours annually) ### 4. SUBMISSION REQUIREMENTS - [ ] Lodge via ASIC Connect portal - [ ] Form FS70 completion - [ ] Payment of annual review fee ($2,340 for FY2026) - [ ] Supporting documentation upload ## CRITICAL DEADLINES - **28 February 2026:** Internal compliance review complete - **15 March 2026:** All supporting documents ready - **1 April 2026:** ASIC Connect submission - **15 April 2026:** FINAL DEADLINE ## COST ESTIMATE - ASIC annual review fee: $2,340 - Compliance consultant (if required): $1,500-3,000 - **Total estimated cost: $3,840-5,340** ## NEXT STEPS 1. Schedule compliance review meeting by 1 February 2026 2. Engage auditor for financial statements review 3. Set calendar reminders for all milestone dates **Contact ASIC on 1300 300 630 for lodgement queries.**
3 Mar
# AFSL ANNUAL RETURN - COMPLIANCE CHECKLIST **Business:** Great Advice Financial Advisers **Priority:** P1 **Due Date:** 15 April 2026 **AFSL Holder:** George [AFSL Number Required] ## IMMEDIATE ACTION ITEMS ### 1. DATA COLLECTION (Complete by 15 March 2026) - [ ] Financial accounts for FY2025 (audited) - [ ] PI insurance certificate and renewal schedule - [ ] Current organisational chart - [ ] List of all authorised representatives and their status - [ ] Client complaint register summary - [ ] Breach register (if any reportable matters) - [ ] Training records for all relevant persons - [ ] Business continuity plan review date ### 2. FINANCIAL REQUIREMENTS VERIFICATION - [ ] Confirm minimum net tangible assets ($50k for individual, $150k for company) - [ ] Cash flow projections for next 12 months - [ ] Professional indemnity insurance minimum $20M aggregate - [ ] Surplus liquid funds calculation ### 3. REGULATORY OBLIGATIONS CHECK - [ ] ASIC Regulatory Guide 36 compliance review - [ ] Fee disclosure statements issued to all clients - [ ] Annual fee consent renewals completed - [ ] CPD requirements met (40 hours annually) ### 4. SUBMISSION REQUIREMENTS - [ ] Lodge via ASIC Connect portal - [ ] Form FS70 completion - [ ] Payment of annual review fee ($2,340 for FY2026) - [ ] Supporting documentation upload ## CRITICAL DEADLINES - **28 February 2026:** Internal compliance review complete - **15 March 2026:** All supporting documents ready - **1 April 2026:** ASIC Connect submission - **15 April 2026:** FINAL DEADLINE ## COST ESTIMATE - ASIC annual review fee: $2,340 - Compliance consultant (if required): $1,500-3,000 - **Total estimated cost: $3,840-5,340** ## NEXT STEPS 1. Schedule compliance review meeting by 1 February 2026 2. Engage auditor for financial statements review 3. Set calendar reminders for all milestone dates **Contact ASIC on 1300 300 630 for lodgement queries.**