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
  • 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).

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)
  • 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
  • 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 Australian Government

Regulation(s) name

National Consumer Credit Protection Regulations 2010 Australian Government

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.

Please use these contact details for help or more information:

Enquiries, ASIC Vic Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 7
120 Collins Street
Melbourne, Victoria 3000
Phone: 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.

Please use these contact details for help or more information:

Enquiries, ASIC WA Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 1
11 Mounts Bay Road
Perth, Western Australia 6000
Phone: 08 9261 4000
Phone: 1300 300 630
Fax: 08 9261 4227

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

Please use these contact details for help or more information:

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
Brisbane, Queensland 4001
Phone: 02 6250 3800
Phone: 1300 300 630
Fax: 02 6250 3811

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

Please use these contact details for help or more information:

Enquiries, ASIC NT Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Jacana House
Level 5
39 - 41 Woods Street
Darwin, Northern Territory 0800
Phone: 08 8943 0900
Phone: 1300 300 630
Fax: 08 8943 0910

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

Please use these contact details for help or more information:

Enquiries, ASIC SA Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 14
91 King William Street
Adelaide, South Australia 5000
Phone: 08 8202 8400

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

Please use these contact details for help or more information:

Enquiries, ASIC QLD Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Level 20
240 Queen Street
Brisbane City, Queensland 4000
Phone: 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.

Please use these contact details for help or more information:

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
Phone: 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.

Please use these contact details for help or more information:

Enquiries, ASIC Tas Service Centre, Licensing and Business Operations

Investors and Financial Consumers

Australian Securities and Investments Commission

Operating address: Telstra Centre
Level 2
70 Collins Street
Hobart, Tasmania 7000
Phone: 1300 300 630
Phone: 03 6235 6800
Fax: 03 6235 6811