Go to top of page

Step 2 - Lodging an application

After you have completed Step 1, you can lodge a formal application for APRA to assess whether to license your business.

APRA's requirements

  • Read the relevant licensing guidelines (refer to Industry licensing guidelines below);
  • study the relevant prudential framework;
  • where relevant, complete the appropriate forms; and
  • make sure you understand what your post-licensing responsibilities will be, such as reporting to APRA or specific disclosures you may be required to make.

Provide information

As part of your application you will need to provide the information specified in the relevant guidelines or instructions. Examples include details of your:

  • ownership, board and management;
  • three-year business plan;
  • financial resources including level of capital or Operational Risk Financial Requirement (ORFR); and
  • risk and information management frameworks.

Before you lodge

Review your application before lodging to check that you have provided all of the required information. This includes other information that is relevant to your application. Your application will be delayed if the information provided is inaccurate or incomplete.

When you lodge your application, please include both a printed and an electronic copy of all the required information (on a memory stick, DVD, or other method).

Application fees

Any applicable non-refundable licensing fee is also payable on lodgement of your application as follows:



Restricted ADI $80,000
Restricted ADI progression to ADI $30,000

General insurance


Life insurance



$20,000 for public offer or extended public offer or $5,500 for non-public offer entity

Private health insurance


Non-operating holding companies (NOHC)


Purchased Payment Facilities $55,000

Send the application to:

APRA Licensing
Australian Prudential Regulation Authority
Level 12, 1 Martin Place
Sydney, NSW, 2000

The application fee can be paid by cheque (made payable to APRA) or electronic funds transfer (EFT). Please contact licensing [at] apra.gov.au for EFT details.

Other approvals

As well as requiring a licence from APRA, your business may also need approval under legislation such as the Financial Sector (Shareholdings) Act 1998 (the FSSA) or from other financial regulators such as the Australian Securities and Investments Commission (ASIC) (i.e. an Australian Financial Services Licence (AFSL). It is your responsibility to ensure you have all of the relevant approvals for your business before you commence operations. If you are unsure of the approvals you require, APRA recommends you consult a professional advisor.

Financial Sector (Shareholdings) Act

Ownership of financial sector institutions is governed by the Financial Sector (Shareholdings) Act 1998 (the FSSA) which limits shareholdings of an individual shareholder to 15 per cent of the voting shares. A higher percentage limit may be approved by APRA under delegation of the Treasurer on national interest grounds. If you require an approval for a higher percentage shareholding under the FSSA, you should submit your request to APRA at the same time as your licence application.

Industry licensing guidelines

For more detailed information on the application requirements refer to the relevant industry licensing page:

For more information email the APRA Licensing team: licensing [at] apra.gov.au.