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)
- not be subject to a banning order
- have a current membership of an external dispute resolution scheme
- have adequate professional indemnity insurance.
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.