Non-Cash Benefits Register

Have you received a non-cash benefit from a client or product provider?

A non-cash benefits register—often called a soft-dollar register—is a formal record an Australian Financial Services (AFS) licensee must keep of all non-monetary (“non-cash”) benefits that it gives or receives (or that its authorised representatives give or receive) in connection with the provision of financial product advice to retail clients.

The obligation arises from the conflicted-remuneration regime in Divisions 4 and 5 of Part 7.7A of the Corporations Act 2001 (Cth) and is explained in ASIC Regulatory Guide 246 Conflicted and other banned remuneration (updated November 2024).

Step 1: Open the Compliance Hub App

Open the Apps Menu in the top left corner, and click on the Compliance Hub.

This will open the Compliance Hub App in a new tab.

Step 2: Select Non-Cash Benefits

In the Left Menu, click on ‘Non-Cash Benefits’.

Your Non-Cash Benefits will appear.

Click on Add New Benefit to add a record to the register

Step 3: Fill Out The Popup

Fill out the popup with the details of the benefits received, or given.

Click the Save button to add your benefit to the licensee register.