Hi Andre,
Thanks for the question.
You are correct in stating that you need to be either a credit representative of a licensee or hold your own credit licence, if you are to engage in credit activity. There are benefits, drawbacks and costs associated with each option. Whether you operate as a representative or a licensee comes down to a commercial decision made on your part. We can provide you with an estimate of the costs of applying for an ACL.
Please feel free to contact us if you require further assistance.
Author: Grant Holley
Co-contributors: Megan McMullan and Greta Walters
