AFG recognises that members should be paid for the work that they do, and at times, they will seek to charge a fee to their clients.
As a generalisation, fees up to $990 do not require approval by AFG when related to the following: client commitment-based fees, pre-approval fees or additional brokerage for personal loans and consumer asset finance loans.
For complex deals involving multiple parties or securities, the fee you can charge to the client can increase up to $2,200 without AFG approval.
If fees increase above $2,200, you must seek AFG's approval before charging the fee. Please note that there are certain circumstances where you cannot be approved to charge a fee, for example, if the lender does not allow charging of fees or where the fee is not based on your hourly rate.
If you intend to charge a fee to your client, you must take steps to ensure you meet the relevant regulatory requirements. You can find information on the requirements and Credit Quote templates in Help.