Sophie Grace - AFS Licence Applications & Compliance Services

Recent Updates

ASIC to be Granted New Powers to Cancel Unused Australian Financial Services and Credit Licences

The AFSL Audit Deadline is Fast Approaching – What Documents are you Required to Submit?

It’s time to complete your Business Activity Metrics for 2018-19

AFSL

AFS Licences

Sophie Grace assists a variety of businesses on a daily basis with all stages of obtaining an Australian Financial Services Licence (AFSL). We provide two standard service offerings and can create a package to best suit your business’ needs.

Full Service AFSL Application
Templates for your AFSL Application

Sophie Grace works with numerous businesses across the financial services industry.

Read more about the AFSL application process, requirements and how we can assist you.

ACL

Australian Credit Licences

Sophie Grace is equipped to assist your business engaged in credit activities to meet its obligations under the national consumer credit laws.

We provide two standard service offerings and can create a package to best suit your business’ needs:

Full Service ACL Application
Templates for your ACL Application

Read more about the ACL application process, requirements and how we can assist you.

AML

AML/CTF

The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) imposes a risk-based approach to counter money laundering. The obligations under the AML/CTF Act are imposed on a wide range of financial services and credit organisations.

Sophie Grace can provide you with an AML/CTF Program tailored to your business to ensure that you continue to comply with the obligations under the AML/CTF Act and AML/CTF Rules.

Sophie Grace will work with your business to achieve overall AML/CTF compliance. Read more about how we can assist you.

Compliance

Sophie Grace can provide tailored compliance solutions that are efficient and practical. These systems will be designed to ensure your business is constantly achieving the most strategic and efficient operational standards. Sophie Grace is committed to helping you comply with all laws, codes of practice and regulations which apply to your business.

Sophie Grace can provide compliance systems to comfort and satisfy management, shareholders and suppliers that action has been taken to limit business risk and exposure.

Read more about the increasing need for compliance.

Legal

Sophie Grace offers legal solutions for your business. We can help you deal with financial services and corporate law issues, provide effective advice as well as prepare and review relevant legal documentation.

Sophie Grace has valuable experience which can assist you in relation to the following aspects:

Starting up your Business;
Corporate and Commercial legal needs;
Funds Management; and
Financial Services.

Read more about our legal services and how we can assist your business.

ASIC to be Granted New Powers to Cancel Unused Australian Financial Services and Credit Licences

Posted on September 16th, 2019 by Sophie Gerber

The AFSL Audit Deadline is Fast Approaching – What Documents are you Required to Submit?

Posted on September 16th, 2019 by Sophie Gerber

It’s time to complete your Business Activity Metrics for 2018-19

Posted on August 15th, 2019 by Sophie Gerber

Government Seeks to Extend Licensing Exemptions Available Through the Regulatory Sandbox

Posted on August 15th, 2019 by Sophie Gerber

ASIC’s New AFS Licensing Requirements

Posted on August 1st, 2019 by Sophie Gerber

What do ASIC’s new Product Intervention Powers mean for the Financial Services and Credit Industries?

Posted on August 1st, 2019 by Sophie Gerber

View Blog

AFS Licences

Full Service AFSL Application
Templates for your AFSL Application

Sophie Grace works with numerous businesses across the financial services industry.

Read more about the AFSL application process, requirements and how we can assist you.

Australian Credit Licences

Sophie Grace is equipped to assist your business engaged in credit activities to meet its obligations under the national consumer credit laws.

We provide two standard service offerings and can create a package to best suit your business’ needs:

Full Service ACL Application
Templates for your ACL Application

Read more about the ACL application process, requirements and how we can assist you.

AML/CTF

Sophie Grace can provide you with an AML/CTF Program tailored to your business to ensure that you continue to comply with the obligations under the AML/CTF Act and AML/CTF Rules.

Sophie Grace will work with your business to achieve overall AML/CTF compliance. Read more about how we can assist you.

Compliance

Sophie Grace can provide compliance systems to comfort and satisfy management, shareholders and suppliers that action has been taken to limit business risk and exposure.

Read more about the increasing need for compliance.

Legal

Sophie Grace has valuable experience which can assist you in relation to the following aspects:

Starting up your Business;
Corporate and Commercial legal needs;
Funds Management; and
Financial Services.

Read more about our legal services and how we can assist your business.

about us

Sophie Grace Team

SOPHIE GERBER

Director (Legal and Compliance)

Sophie is the director of both Sophie Grace Legal Pty Ltd and Sophie Grace Pty Ltd. Sophie meets with clients to help them understand their compliance and legal requirements. She works with them to tailor appropriate solutions for their business.

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ALICIA PEVELY

Manager (Licensing and Compliance)

Alicia works with the Compliance Team and Legal Team with a focus on compliance and legal services. Alicia assists clients with AFSL and ACL applications, variations and assists in the implementation of compliance reviews.

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QUYNH TRUONG

Manager (Licensing and Compliance)

Quynh works with the Compliance Team and Legal Team with a focus on compliance and legal services. Quynh assists clients with AFSL and ACL applications, variations and assists in the implementation of compliance reviews.

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MELODY GAO

Senior Lawyer

Melody assists in preparing, reviewing and negotiating legal documentation for participants in the financial services industry. Melody also assists with developing, reviewing and amending compliance documentation.

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SARAH MURRAY

Senior Compliance Consultant

Sarah works with the Compliance Team with a particular focus on AFSL and ACL applications as well as ongoing compliance services. Sarah also works with the Legal Team providing ongoing assistance in drafting and reviewing documentation.

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IVANA JOSIC

Marketing Manager and Compliance Assistant

Ivana is responsible for all Marketing activities for Sophie Grace. She focuses on website development and manages the Sophie Grace blog page, newsletter and social media pages.

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AMANDA CHRISTIE

Lawyer

Amanda works with the Compliance and Legal Team with a focus on compliance and legal services. Amanda assists with document preparation for participants in the financial services industry and with conducting legal research.

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BETHANY MAHLER

Paralegal

Bethany works with both the Compliance and Legal Teams. Bethany assists with document preparation for participants in the financial services industry and with conducting legal research. She also assists with AFSL and ACL applications.

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Know More

Information

Sophie Grace assists a variety of businesses on a daily basis with all stages of obtaining an Australian Financial Services Licence (AFSL). We provide three standard service offerings and can create a package to best suit your business’ needs.

Sophie Grace works with numerous businesses across the financial services industry. Some examples include the following:

Fund Managers;
Fintechs;
Brokers (e.g. carbon, forex, securities);
Financial Planners; and
Accountants.

The basic steps you need to follow when obtaining an AFSL are:

Determine the authorisations needed to operate your business;
Choose your Responsible Manager(s);
Draft the Application Documents for ASIC;
Prepare a Compliance Program; and
Organise Ongoing Compliance Support.

Read more about the AFSL application process and requirements.

Sophie Grace is able to provide ongoing compliance solutions and assist with external compliance reviews in order to ensure AFSL holders are complying with the relevant legislative and regulatory requirements of being a licensee.

If you would like to obtain further information or assistance regarding an AFSL, please contact Sophie Grace directly.

Sophie Grace is equipped to assist your business engaged in credit activities to meet its obligations under the national consumer credit laws. Businesses engaging in the following credit activities are required to hold an Australian Credit Licence (ACL):

Credit Providers (Lenders and Lessors);
Finance Brokers;
Mortgage Managers or Aggregators; and
Other credit intermediaries.

We provide three standard service offerings and can create a package to best suit your business’ needs:

The basic steps you need to follow when obtaining an ACL are:

Determine the authorisations needed to operate your business;
Choose your Responsible Manager(s);
Draft the Application Documents for ASIC;
Prepare a Compliance Program; and
Organise Ongoing Compliance Support.

Read more about the ACL application process and requirements.

Sophie Grace is able to provide ongoing compliance solutions and assist with external compliance reviews in order to ensure ACL holders are complying with the relevant legislative and regulatory requirements of being a licensee.

If you would like to obtain further information or assistance regarding an ACL, please contact Sophie Grace directly.

The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006 imposes a risk based approach to mitigating the risk of money laundering and terrorism financing. The obligations under the AML/CTF Act are imposed on a wide range of financial services and credit organisations including but not limited to:

The AML/CTF Act requires AUSTRAC Reporting Entities to adopt and maintain an AML/CTF Program. AML/CTF Programs must comply with and address the obligations imposed by the Act and Rules.

Sophie Grace can assist in developing a suitable AML/CTF Program to ensure that you continue to comply with the obligations under the AML/CTF Act and Rules. We provide three standard service offerings including:

Sophie Grace has real and extensive legal and compliance experience with AML/CTF regulation in Australia. With skills in AML/CTF, risk identification and compliance framework design, clients are given confidence that their AML/CTF needs are not only met but are effective and efficient.

Sophie Grace will work with your business to achieve AML/CTF compliance.

For more information on AML/CTF in Australia, please contact Sophie Grace directly.

Sophie Grace can provide tailored compliance solutions to your business that are efficient and practical. These systems will be designed to ensure your business is constantly achieving the most strategic and efficient operational standards. Sophie Grace is committed to helping you comply with all laws, codes of practice and regulations which apply to your business.

Sophie Grace can provide compliance systems to comfort and satisfy management, shareholders and suppliers that action has been taken to limit business risk and exposure.

Compliance obligations must be constantly satisfied, whether on a monthly, quarterly or yearly basis and can involve, but is not limited to:

Regular review and update of policies and registers;
Preparation of regular compliance reporting to Compliance Committee or Board;
Creation of a compliance calendar to evenly distribute the compliance workload and make it easier to meet obligations;
Lodging reports to regulators as required;
Responding to compliance queries; and
Provision of compliance training to employees, including testing if required.

Sophie Grace can provide ongoing compliance services to your business to ensure that the regulatory requirements for your Licence are met.

If you would like to obtain further information or assistance, please contact Sophie Grace directly.

Managing a company in Australia can be confusing and time-consuming as there are a myriad of laws governing the conduct of business in Australia. Sophie Grace offers legal solutions for your business to assist with this. We can help you deal with financial services and corporate law issues, provide effective advice as well as prepare and review relevant legal documentation.

Sophie Grace has valuable experience which can assist you in relation to the following aspects:

Sophie Grace has also developed a Fintech Regulation Hub which provides information in relation to the following:

Sophie Grace is equipped to assist Fintech businesses establish where they fit within the regulatory network and deal with the relevant regulators.

The Sophie Grace Legal team can also assist you with Starting up your Business and has developed a Business Guide to assist you throughout the entire process.

We can advise and assist you on:

The Start-Up Process;
Establishing a Business Structure which supports your aspirations;
Obtaining the correct documentation for your business whether it be in the Corporate and Commercial, Funds Management or Financial Services/Credit industries; and
The sale of your businesses and/or purchase of a business and any licences held.

If you would like to obtain further information or assistance, please contact Sophie Grace directly.

Sophie Grace offers a number of solutions to simplify the process of starting your company. We have developed a variety of packages and can offer additional services to assist you in establishing and setting up your company in Australia.

Sophie Grace can provide the following additional services and add-ons to basic company establishment:

Business Name Registration;
ABN Registration;
Registered Agent Services;
Registered Office Services;
Director and Secretary Services;
Choice of banks;
Opening of a Multi-Currency Bank Account;
Domain Name and Website Registration including Email Service Set Up;
Online Accounting Software Set up for ATO BAS reporting; and
Legal Documentation (e.g. Shareholder Agreements, Leases, Contractor Agreements, Employment Contracts).

Sophie Grace offers the following Company Establishment Packages:

Australian Company Registration Only;
Basic Package;
Standard Package;
Premium Package.

You can commence the process in registering your new company online or contact us directly for further information or to customise a package for you. Make sure you visit our frequently asked questions page before getting started.

AFS Licences

Sophie Grace works with numerous businesses across the financial services industry. Some examples include the following:

Fund Managers;
Fintechs;
Brokers (e.g. carbon, forex, securities);
Financial Planners; and
Accountants.

The basic steps you need to follow when obtaining an AFSL are:

Determine the authorisations needed to operate your business;
Choose your Responsible Manager(s);
Draft the Application Documents for ASIC;
Prepare a Compliance Program; and
Organise Ongoing Compliance Support.

Read more about the AFSL application process and requirements.

If you would like to obtain further information or assistance regarding an AFSL, please contact Sophie Grace directly.

Australian Credit Licences

Credit Providers (Lenders and Lessors);
Finance Brokers;
Mortgage Managers or Aggregators; and
Other credit intermediaries.

We provide three standard service offerings and can create a package to best suit your business’ needs:

The basic steps you need to follow when obtaining an ACL are:

Determine the authorisations needed to operate your business;
Choose your Responsible Manager(s);
Draft the Application Documents for ASIC;
Prepare a Compliance Program; and
Organise Ongoing Compliance Support.

Read more about the ACL application process and requirements.

If you would like to obtain further information or assistance regarding an ACL, please contact Sophie Grace directly.

AML/CTF

The AML/CTF Act requires AUSTRAC Reporting Entities to adopt and maintain an AML/CTF Program. AML/CTF Programs must comply with and address the obligations imposed by the Act and Rules.

Sophie Grace will work with your business to achieve AML/CTF compliance.

For more information on AML/CTF in Australia, please contact Sophie Grace directly.

Compliance

Sophie Grace can provide compliance systems to comfort and satisfy management, shareholders and suppliers that action has been taken to limit business risk and exposure.

Compliance obligations must be constantly satisfied, whether on a monthly, quarterly or yearly basis and can involve, but is not limited to:

Regular review and update of policies and registers;
Preparation of regular compliance reporting to Compliance Committee or Board;
Creation of a compliance calendar to evenly distribute the compliance workload and make it easier to meet obligations;
Lodging reports to regulators as required;
Responding to compliance queries; and
Provision of compliance training to employees, including testing if required.

Sophie Grace can provide ongoing compliance services to your business to ensure that the regulatory requirements for your Licence are met.

If you would like to obtain further information or assistance, please contact Sophie Grace directly.

Legal

Sophie Grace has valuable experience which can assist you in relation to the following aspects:

Sophie Grace has also developed a Fintech Regulation Hub which provides information in relation to the following:

Sophie Grace is equipped to assist Fintech businesses establish where they fit within the regulatory network and deal with the relevant regulators.

The Sophie Grace Legal team can also assist you with Starting up your Business and has developed a Business Guide to assist you throughout the entire process.

We can advise and assist you on:

The Start-Up Process;
Establishing a Business Structure which supports your aspirations;
Obtaining the correct documentation for your business whether it be in the Corporate and Commercial, Funds Management or Financial Services/Credit industries; and
The sale of your businesses and/or purchase of a business and any licences held.

If you would like to obtain further information or assistance, please contact Sophie Grace directly.

Company Establishment

Sophie Grace can provide the following additional services and add-ons to basic company establishment:

Business Name Registration;
ABN Registration;
Registered Agent Services;
Registered Office Services;
Director and Secretary Services;
Choice of banks;
Opening of a Multi-Currency Bank Account;
Domain Name and Website Registration including Email Service Set Up;
Online Accounting Software Set up for ATO BAS reporting; and
Legal Documentation (e.g. Shareholder Agreements, Leases, Contractor Agreements, Employment Contracts).

Sophie Grace offers the following Company Establishment Packages:

Australian Company Registration Only;
Basic Package;
Standard Package;
Premium Package.

Sophie Grace Legal & Compliance AFSL & ACL Specialists

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AFS Licences

Australian Credit Licences

AML/CTF

Compliance

Legal

AFS Licences

Australian Credit Licences

AML/CTF

Compliance

Legal

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AFS Licence Applications

AFS Compliance Services

Australian Credit Licences

AML/CTF

Legal Services

Regulatory Updates

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