Australian Credit Licensing (ACL) Forum

Home Forums Australian Credit Licensing (ACL) Forum Most efficient option for a startup mortgage broker to get an ACL Reply To: Most efficient option for a startup mortgage broker to get an ACL

#4668 Reply
Grant Holley
Grant Holley
Member

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 

  • Free answers to common Financial Services Regulation (FSR), Consumer Credit and AML/CTF issues.

    Click here to join our LinkedIn group for responsible managers and compliance professionals.
    joinUsOnLinkedIn
  • Training

    Regulatory Compliance Training for Directors, Responsible Managers and Compliance Staff

    View Courses

  • Legal Advice

    Review your AFSL or ACL disclosure documents, conduct a licensee audit and more…

    Get Legal Advice

  • Compliance support

    The HN Hub – an online platform built to support Responsible Managers and Compliance Staff

    More