Australian credit license check

There are two broad categories of people engaged in credit activities who need to be licensed:. Please note that if you are a foreign entity that is not a registered foreign company you must appoint an Australian agent to apply for and hold this licence. Fees Details for this service in table format. Please lodge your competed application with supporting documentation with the agency. Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

ASIC assesses applications for credit licences as part of our role as regulator of the consumer credit industry. Consumers should be aware that the licensing process is a point-in-time assessment of the licensee, not of its owners or employees.

View all registers. Do you need a credit licence? Applying for and managing your credit licence Changing details of your credit licence Your ongoing credit licence obligations Varying or cancelling your credit licence Credit representatives. You are here: Home For finance professionals Credit licensees. This will be funded by the ongoing annual cost recovery levies.

Do not assume your licence will automatically lapse if you do not lodge an annual compliance certificate.

Failure to lodge a certificate by the due date is a breach of the law and there are significant criminal and civil penalties for credit licensees who fail to lodge the certificate. I know when my next annual compliance date is and when the lodgement due date is. All my details on Australian credit registers are up to date e. For each of them I may be asked to attach a national criminal history check or overseas criminal history check for overseas people and credit history report.

I have information about any new responsible managers so that I am ready to include their qualifications and relevant work experience in my annual compliance certificate. I understand my obligations as a credit licensee and am ready to certify that I have complied with these obligations. I am ready to log in to the Australian Credit Register Portal to start my annual compliance certificate on the day it becomes available my annual compliance date.

Here is information about using the Australian Credit Register Portal. TIP: Make sure your credit licence contact email address is correct. We will communicate with you about annual compliance certificate requirements using this email address. TIP: You cannot change your registered details through the annual compliance certificate, so make sure all your details are correct before you start.

As a credit licensee, you must lodge an annual compliance certificate with us for every year that you hold the credit licence. A failure to lodge the certificate by the due date is a breach of the law.

There are significant criminal and civil penalties for credit licensees who fail to lodge the certificate. We may suspend or cancel your credit licence. ASIC guidance on professional indemnity insurance.

We will ask you to complete this questionnaire about your professional indemnity insurance, and to provide us with a certificate of currency. Tip — if you are unsure about how to complete this questionnaire, we suggest that you consult your insurance broker. ASIC guidance is available. Are you ready? You must be able to declare that all of the information in your application is complete and accurate. Lodging online for credit. To ensure that we can contact you efficiently, please provide the direct telephone number of the contact person for the licence application.

We aim to decide whether to grant a credit licence within days. Applications beyond the day target are generally complex ones, requiring, for example, additional policy work or legal review.