ASIC has approved 3 forms for notifications relating to authorised representatives:
- Form CL30 Appoint a credit representative
- Form CL31 Cease a credit representative
- Form CL32 Vary the details of a credit representative
Notification must be given to ASIC by credit licensees within:
- 15 business days after appointing a credit representative
- 14 business days after a change to the residential address of a representative if an alternative address is recorded for them
- 10 business days after a change to any other details of a representative
- 10 business days after revoking the authorisation of a credit representative