Read below to get more information on how Sophie Grace can help you with your Australian Credit Licence.
Licensing is required where you provide credit services for the purpose of personal, domestic or household use, or for the purchase, renovation or improvement of the value of a residential investment property.
The Credit Licensing regime covers individuals or businesses engaging in activities as:
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The NCCP requires that businesses be licensed where they
provide credit services for the purpose of personal,
domestic or household use, or for the purchase,
renovation or improvement of the value of a residential
Credit provided for other purposes is excluded.
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Australian Credit Licence (“ACL”) holders have a variety of obligations
that must be documented and adhered to in order to ensure compliance
with the law. Many of these obligations can often be overlooked
during the course of running a business.
An Australian Credit Licence (“ACL“) holder is required by law to have
various compliance measures in place. Sophie Grace understands the frustration associated
with a “one size fits all” approach. We will design compliance procedures
that are appropriate to the size, structure and activities of your credit business.
With plenty of experience assisting businesses to maintain their credit licence after they successfully receive it from ASIC, we have compiled some of our most popular resources so you know what to expect once you’re up and running.