Relief from the FSR provisions

Latest releases
Applying for relief
Reports on relief applications
ASIC policy about relief

Latest releases

For the latest releases on Financial services topics including relief see What's new - financial services.

Applying for relief

When applying for relief from the FSR provisions, make sure you:

1. Apply early
If you’re thinking of applying for relief from the FSR licensing or disclosure provisions, you should apply as early as possible. Applications for relief often raise issues that may take some time to resolve.

2. Apply in writing and use form FS10
You should apply in writing. To help you apply for relief we have released form FS10, a combination form containing forms FS10 through to FS15. We encourage you to use it as a cover sheet to your written application addressing the criteria in Regulatory Guide 51 Applications for relief

[formerly PS 51].

While using the form is not compulsory, it will make it easier for you to identify the type of relief you are seeking, as well as making the assessment process more efficient.

The form includes information to help you complete and lodge it. It also sets out the fees that apply.

Download a copy of form FS10

3. Address the criteria in our policies on relief
You should specifically address the criteria set out in our policies on relief.

For example, in your application you should particularly address the commercial benefit and any net regulatory benefit or detriment from granting the relief you seek. If you think you have special circumstances or you are disproportionately affected by the FSR provisions, clearly set out your reasons.

4. Lodge your application electronically
The quickest way to have your application considered and our preferred method of lodgement is to email a copy of form FS10, the application and any attachments to applications@asic.gov.au. Then send the paper copy and the fee to:

Manager – Applications

Australian Securities & Investments Commission

GPO Box 9827 in your capital city

Alternatively send your written application, Form FS10 and cheque to us at the above address.

Sample application for relief

View our example of the information typically required in an application for relief.

You can also read the accompanying information sheet.

Reports on relief applications

These reports provide an overview of situations where ASIC has exercised, or refused to exercise, our exemption and modification powers. This includes applications from financial service providers for relief from the licensing, conduct, disclosure and managed investments provisions of the Corporations Act 2001. Reports from 2006 onwards also cover applications for relief from the financial reporting, takeovers, and fundraising provisions.

Download a copy of the report	Release or advisory
April 2009 - July 2009	Advisory 10-14AD, 4 February 2010
Dec 2008 - Mar 2009	Advisory 09-132AD. 3 August 2009
August - November 2008	Advisory AD09-70, 24 April 2009
April-July 2008	Advisory AD08-48, 31 October 2008
Dec 2007 - Mar 2008	Information release IR 08-19, 18 July 2008
Sept - Nov 2007	Information release IR 08-11, 1 April 2008
June - August 2007	Information release IR 07-49, 23 November 2007
Jan-May 2007	Information release IR 07-41, 6 September 2007
Oct-Dec 2006	Information release IR 07-17, 15 May 2007
July-Sept 2006	Information release IR 07-01 18 January 2007
April-June 2006	Information release IR 06-33, 29 September 2006
Jan-Mar 2006	Information release IR 06-27, 25 July 2006
Sept-Dec 2005	Information release IR 06-10, 10 April 2006
May-Aug 2005	Information release IR 05-65, 21 December 2005
Jan-April 2005	Information release IR 05-41, 26 July 2005
Aug-Dec 2004	Information release IR 05-21, 11 May 2005
Oct 2003-Aug 2004	Information release IR 04-72, 21 December 2004
Report formed part of the information release	Information release IR 03-31, 10 October 2003