In late 2009, the National Consumer Credit Protection Act 2009 (Cth) was introduced which means that from 1 July 2010, those who engage in a credit activity are required to have an Australian Credit Licence.
Compact, our associated compliance business can help you apply for an Australian Credit Licence (ACL).
Do you need an Australian Credit Licence?
If you have a question about whether you need an ACL, or what type of ACL you require, add a comment in the box at the bottom of this page.
Apply for an Australian Credit Licence
Click here to see how to apply for an ACL. This post shows you what you need to prepare, how much the application fee will be (payable to ASIC), and the other steps involved. It includes a one-page diagram for you to print out..
We can help you apply for the ACL
Our compliance business, Compact, can help you apply for an ACL.
We can advise you on:
- whether you're caught by the Australian Credit Licensing regime;
- if you qualify for an exemption;
- the type of ACL you need to apply for; and
- how to meet the other requirements of the legislation, such as responsible lending.
Ongoing Australian Credit Licence obligations
We can prepare or review your:
- Australian Credit Guide (ACG)
- Credit Representative Agreement (like an Authorised Representative Agreement for AFSL holders)
- Unsuitability Assessment template
- Credit or Lease proposal disclosure document
- Compliance manual
- Credit Assistance quote template
Go to our Australian Credit Licensing (ACL) Ongoing Compliance Support page for more informaiton on these and other ongoing support services for credit licensees.
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