This is the sale of an established Australian Financial Services Licence, granted by ASIC in 2016 and varied in 2022 to add claims handling and settling. The sale is of the licence only.
What the licence covers:
Advice and dealing in general insurance products
Claims handling and settling services
Retail and wholesale clients
Authority to use the "General Insurance Broker" title
Also in place:
AFCA membership
Compliance framework: company policies, breach register, complaints reporting to ASIC and annual audit
No breaches recorded in the FY25 breach register
Who it suits: a broker, aggregator or group with its own clients or referral source that wants its own licence.
Price: $90,000 plus GST
Contact: Tony Arena, 0411 888 148, tarena@bci.net.au. Enquiries are confidential and the business name is released after an NDA.
Detailed financials and trading history are available under a confidentiality agreement.
Sign the NDA →Detailed financials, trading history, and lease terms are available under a standard confidentiality agreement. Get in touch with the BBNA broker managing this mandate.