Sophie Grace Legal & Compliance
AFSL & ACL Specialists

Sophie Grace is equipped to assist your business engaged in credit activities to meet its obligations under the national consumer credit laws. All businesses engaging in the following credit activities are required to hold an Australian Credit Licence (ACL):

• Credit Providers;
• Credit Service Providers;
• Finance Brokers;
• Lenders and Lessors;
• Mortgage Managers or Aggregators; and
• Other Intermediaries.

We provide two standard service offerings and can create a package to best suit your business’ needs:

1. Full Service ACL Application
2. Templates for your ACL Application

The basic steps you need to follow when obtaining an ACL are:

1. Determine what authorisations are needed
2. Choose the Responsible Managers
3. Draft Documents for ASIC
4. Additional Documentation (if required)
5. Prepare Ongoing Compliance Procedures and Processes

Read more about the ACL application process and requirements.

Sophie Grace is able to provide ongoing compliance support or external compliance reviews to ACL holders in order to ensure maintenance with the legislative and regulatory requirements.

If you would like to obtain further information or assistance regarding an ACL Application, please contact Sophie Grace directly.

The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) imposes a risk based approach to counter money laundering. The obligations under the AML/CTF Act are imposed on a wide range of financial services and credit organisations including:

• Banks;
• Building Societies;
• Credit Unions;
• Financial Services Firms;
• Remittance Providers;
• Superannuation Funds; and
• The Gambling Sector.

Sophie Grace has real and extensive legal and compliance experience with AML/CTF regulation in Australia. With skills in AML/CTF, risk identification and compliance framework design, clients are given confidence that their AML/CTF needs are not only met but are effective and efficient.

Sophie Grace can provide you with an AML/CTF Program tailored to your businesses to ensure that you continue to comply with the obligations under the AML/CTF Act and Rules.

Sophie Grace will work with your business to achieve AML/CTF compliance. For more information on AML/CTF in Australia, please contact Sophie Gracedirectly.

Sophie Grace offers legal solutions for your business. We can help you deal with financial services and corporate law issues, provide effective advice as well as prepare and review relevant legal documentation.

Managing a company in Australia can be confusing and time-consuming as there are a myriad of laws governing the conduct of business in Australia.

Sophie Grace has valuable experience which can assist you in relation to the following aspects:

• Corporate and Commercial legal needs;
• Funds Management; and
• Financial Services.

The Sophie Grace Legal team can also assist you with Starting up your Business and has developed a Business Guide to assist you throughout the whole process.

We can advise and assist you on:

• The Start-Up Process;
• Establishing a Business Structure which supports your aspirations;
• Obtaining the correct documentation for your business whether it be in the Corporate and Commercial, Funds Management or Financial Services / Credit industries; and
• The sale of your businesses and any licences held or purchase of a business and any licences held.

If you would like to obtain further information or assistance, please contact Sophie Grace directly.