As a holder of an Australian Financial Services Licence, you must be a member of an external dispute resolution scheme.
FOS has a fee structure that is competitive and scaled to the size of your business.
| Type | Application fee | Membership fee 1st year* | Annual membership fee | Service fee |
|---|---|---|---|---|
| Australian Financial Services Licensee Australian Credit Licensee Limited Australian Financial Services Licensee | $165 | From $86.25 to $345 depending on application date | Based on the size of your business, starting from $345 | A service fee will be charged according to how far in our process a dispute reaches. A rebate may apply. |
| Authorised Credit Representative | $55 | Free to 30 June# | $115 | A service fee will be charged according to how far in our process a dispute reaches. A rebate may apply. |
Note: All fees are subject to annual CPI adjustments.
# ACR Membership fee is invoiced in July of each year. Regardless of when a member joins, they will receive free membership up until 30 June of the relevant financial year.
* Fees for new AFSL, ACL and Limited AFSL members will vary depending on when you apply during a financial year
