INSIGHTS
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Superannuation and fintech stand as two pillars of Australia's financial ecosystem, each playing a vital role in shaping the nation's economic landscape.
In the financial services industry in Australia, one of the most critical components that ensure the smooth running of activities is the Australian Financial Services License (AFSL). This license, administered by the Australian Securities and Investments Commission (ASIC), is a mandatory requirement for businesses and individuals intending to offer financial services. This license is not merely a formality but a cornerstone of the financial industry, which serves to regulate and ensure the legitimacy of financial services, thereby protecting consumers.
Starting a business can be an exhilarating journey, demanding not just your time but also a substantial financial commitment. Often, you fund these ventures with hard-earned money that you've already paid taxes on. So, when the business starts operating successfully, it's natural to expect some form of payback, right?
What exactly is a company’s privacy policy and why does it need to be updated?