See apply for a digital advice exemption for more information about how to apply to provide personalised digital advice under the Financial Advisers (Personalised Digital Advice) Exemption Notice 2018.
In certain circumstances, it may be possible to obtain an exemption from being registered as a financial adviser or from any of the obligations under the Financial Advisers Act 2008, regulations or the Code of Conduct. This includes overseas advisers. Read more.
We have regulatory powers to grant financial reporting exemptions and vary financial reporting public accountability designations. Read more.
The FMC Act offer regime is simpler and more efficient than the previous Securities Act regime. However, in some cases, businesses may encounter difficulties offering financial products under the FMC Act regime. In some circumstances, exemptive relief from a regulatory or disclosure requirement may be appropriate. Read more.
You can apply for an exemption from some specific provisions of:
You must also include a draft exemption notice.
Exemption fees are set by regulations of the relevant legislation. You need to pay the application fee and an advance fee for fees and costs to be incurred as set out in the table below. We will charge any additional time spent on an hourly basis as set out in the table.
Exemption application type | Application and advance fee | Hourly rate – FMA Board members | Hourly rate – FMA staff |
Financial Markets Conduct Act 2013 | $1,265 (incl. $115 application fee) | $230 | $178.25 |
Financial Advisers Act 2008 | $1,265 (incl. $115 application fee) | $230 | $166.62 |
Please note: all fees are inclusive of GST.
We can also recover the cost of obtaining expert assistance in relation to particular applications. Applicants must also reimburse us for the costs of notifying the exemption notice in the Gazette, where applicable.
Payment option | How to pay | Additional information |
Electronic deposit or internet banking |
Where bill pay is available please select ‘Financial Markets Authority - Other’. Otherwise, our bank details are: Bank: Westpac |
To ensure we process your payment correctly please provide the following information: Particulars: Payor’s name* |
* This is the name of the person paying the application fee. This person will be invoiced for any subsequent fees and costs
Note: payment by credit card is not available for this application process.
You can apply to provide personalised digital advice under the Financial Advisers (Personalised Digital Advice) Exemption Notice 2018. See our application guide to help you complete your application. You will need to complete these forms: