Australian Credit Licence - Australian Government

Description

You will require this licence if you intend to engage in credit activity in Australia. There are two broad categories of people engaged in credit activities who need to be licensed:

  • Credit providers such as lenders and lessors; and
  • Providers of services to credit providers, including intermediaries, agents and some business process outsourcing operations.

You may be involved in credit activity if you provide, deal in or benefit from:

  • Credit contracts;
  • Consumer leases;
  • Mortgages and guarantees; or
  • Credit assistance services (for example suggesting credit products to customers).

Some exceptions apply. Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence you must:

  • Be a fit and proper person (or if you are a company, those responsible for managing your credit business must be fit and proper people);
  • Not be subject to a banning order;
  • Have a current membership of an external dispute resolution scheme;
  • Have adequate professional indemnity insurance;
  • Show the Agency that you can comply with all of your licensing requirements;
  • Provide the Agency with any information and audit reports they request;
  • Complete the required form; and
  • Pay the required fee.

Please note that if you are a foreign entity that is not a registered foreign company you must appoint an Australian agent to apply for and hold this licence. Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Ongoing compliance is required for continued licensing.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fees will vary depending on your circumstances. Please consult the Contact Officer for more information.

Forms

Task Business Structure Resources
Apply All Apply for a Credit Licence (Opens in new window)

Act(s) name

National Consumer Credit Protection Act 2009 AG

Regulation(s) name

National Consumer Credit Protection Regulations 2010 AG

Administering agency

Australian Securities and Investments Commission

Investors and Financial Consumers

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC Vic Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 24
120 Collins St
Melbourne
Victoria 3000
Mailing address: GPO BOX 9827
Melbourne, Victoria 3001
Toll Free: 1300 300 630
Phone: 03 9280 3200
Fax: 03 9280 3444

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC WA Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 3
66 St Georges Terrace
Perth
Western Australia 6000
Mailing address: GPO BOX 9827
Perth, Western Australia 6001
Toll Free: 1300 300 630
Phone: 08 9261 4000
Fax: 08 9261 4227

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC ACT Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 2
2 Allsop Street
Canberra
Australian Capital Territory 2600
Mailing address: GPO BOX 9827
Canberra, Australian Capital Territory 2600
Toll Free: 1300 300 630
Phone: 02 6250 3800
Fax: 02 6250 3811

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC NT Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 7 TIO Centre
24 Mitchell Street
Darwin
Northern Territory 0800
Mailing address: GPO BOX 9827
Darwin, Northern Territory 0801
Toll Free: 1300 300 630
Phone: 08 8943 0900
Fax: 08 8943 0910

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC SA Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 7
100 Pirie Street
Adelaide
South Australia 5000
Mailing address: GPO BOX 9827
Adelaide, South Australia 5001
Phone: 08 8202 8400

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC QLD Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 20, Commonwealth Bank Building
240 Queen Street
Brisbane City
Queensland 4000
Mailing address: GPO BOX 9827
Brisbane, Queensland 4001
Toll Free: 1300 300 630
Phone: 07 3867 4700
Fax: 07 3867 4725

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC NSW Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 5
100 Market Street
Sydney
New South Wales 2000
Mailing address: GPO BOX 9827
Sydney, New South Wales 2001
Toll Free: 1300 300 630
Phone: 02 9911 2000
Fax: 02 9911 2414

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, ASIC Tas Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 2, Telstra Centre
70 Collins Street
Hobart
Tasmania 7000
Mailing address: GPO BOX 9827
Hobart, Tasmania 7001
Toll Free: 1300 300 630
Phone: 03 6235 6800
Fax: 03 6235 6811