You will need 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
- 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
- credit assistance services (for example, suggesting credit products to customers)
- debt management assistance / debt management services.