Wikipedia; An Australian Financial Services Licence (AFSL) is a...

Wikipedia;

An Australian Financial Services Licence (AFSL) is a licence that an Australian business involved in the provision of financial services is required to hold. An AFSL is required for a business that includes:

• providing financial product advice to clients
• dealing in a financial product
• makes a market for a financial product
• operates a registered scheme
• providing a custodial or depository service, or
• providing traditional trustee company services.

AFSLs are issued by the Australian Securities and Investments Commission (ASIC) as required under section 911A of the Corporations Act 2001,^[1][2] as part of its role as regulator of the financial services industry.
An AFSL can be issued to an individual, to a director or employee of an AFSL holder, or an authorised representative of a person who holds an AFSL.^[3] Some wholesale Charitable Investment Fundraisers can be exempt from licensing requirements.