The Institute of Mercantile Agents Limited has approval from the Queensland Office of Fair Trading (OFT) to provide a service as an Approved Security Industry Association to current financial members licensed as a Security Firm pursuant to the Queensland Security Providers Act, 1993 (the Act) and the Security Providers Regulation 2008 (the Regulation).
Approval imposes ongoing annual obligations to the IMA to comply with the Regulation - those obligations may be reviewed in Schedule 1A of the Regulation.
Financial members of the IMA may subscribe to the ASIAS service and are required to do so via the IMA’s ASIAS application form.
The current annual fee subscription to the ASIAS service in addition to annual membership fees is:
| State & type of cover | Fee | GST | Total Payable |
| Approved Security Industry Association Service (ASIAS) | $300.00 | $30.00 | $330.00 |
A necessary component of the ASIAS service and the obligations imposed by the Regulation is that the IMA must appoint an independent accountant to attend the member's business address once each 3 years to conduct a compliance audit to establish the member's compliance to the IMA's Code of Conduct for Security Firms. The IMA in turn must report the outcome of the compliance audit to the OFT.
The member is responsible for the disbursements paid by the IMA for the engagement of the accountant to undertake the member's compliance audit under the ASIAS service.
ASIAS information kits including application forms are available by clicking on the appropriate download at the top of the page. All other enquiries relating to the ASIAS service can be directed to the IMA's National Office.