Thursday, October 19, 2017

ASIC Credit Licensing

 

If you have already spent too much time and money on your compliance obigations for this year, consider one of our solutions next time.

 

ASIC is the national regulator for consumer credit and finance broking.

The National Consumer Credit Protection Act covers activites relating to credit contracts, consumer leases, related mortgages and guarantees, and credit services.

Wether you are looking to apply for a licence, attempting to comply with your licence obligations or still operating as an Authorised Representative we have sourced the inofrmaiton and solutions to make running your busines easier and help to save you time and money.

Obtaining your own Australian Credit Licence (ACL) is fairly straight foward. All you require is a Compliance Plan and Procedures for managing your NCCP obligations, then you make your application based on the Compliance Plan and Procedures. Ensuring that the Qualifications and Experience of your "Responsible Manager" are satisfactory..

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ASIC’s licence compliance requirements can be complex and for some licence holders vague in the obligations and paperwork required. Managing multiple compliance registers must be integrated into the licensee’s business while not burdening the company with paperwork.

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