A Letter of Authority (LOA) is a legal document that authorises someone to act on behalf of your business with Budgetly and our compliance partners.
When is an LOA required?
| Scenario | LOA needed? |
|---|---|
| Director listed on ASIC | No |
| Officer listed on ACNC (chairperson, treasurer, secretary) | No |
| Sole trader | No |
| CEO/CFO not listed on ASIC or ACNC | Yes |
| Employee or delegate | Yes |
Important: An unlisted CEO or CFO does not have the required authority under Australian financial regulations. They will need an LOA signed by a listed officer.
How to submit an LOA
- Download the LOA template from the sign-up process when prompted.
- Have a listed officer (director, chairperson, treasurer, or secretary) sign the document.
- Upload the signed LOA during sign-up.
Note: For full details on why this verification is required, see Understanding our account approval process.
Common questions
Who needs to sign the LOA?
A person listed on ASIC or ACNC as a director, chairperson, treasurer, or secretary of your organisation.
Can I submit the LOA after sign-up?
Yes. Upload it when prompted during sign-up, or submit it later via support if you need more time to get it signed.
Where do I get the LOA template?
The template is provided during the sign-up process when Budgetly detects that an LOA is required.