MCA provides a low cost solution to the problem of accountants and financial planners complying with the licensing provisions of the Corporations Act and Australian Financial Services Reform Act 2001 and related legislation and regulations ("the Investment Advice Law").

MCA provides a range of authorities to accountants and financial planners. You can choose from the Basic Proper Authority, the Intermediate Proper Authority and the Full Proper Authority. In most cases only the Full Proper Authority requires professional indemnity insurance. Click on the appropriate tag to find out more about each option, and what each option costs.

This approach means members only pay for the services they use. Our members receive the level of support that they need to allow them to operate their practices as they always have, and to comply with the Investment Advice Law. This approach recognizes that many of the services provided by other Australian Financial Service Licence ("AFSL") holders are not needed or can be obtained separately at a low or even a nil cost. Therefore these services are not provided by MCA and, most importantly, are not charged to our proper authority holders.

In a sense our members receive and pay for a simple licence to advise clients on financial products and to facilitate the receipt of commissions and similar benefits.

Our members do not pay for services they do not want or cannot use.