Activities that can be provided without holding a credit licence
Content Summary
The following tables provide a snapshot of the activities that you can and can’t provide to a consumer without holding an Australian credit licence or being licensed as a credit representative.
This information has been broken down into common areas of advice and examples are also provided where the discussion of credit may impact on financial planning activities.
Financing residential property
You can: | You can’t: |
---|---|
|
|
Debt management
You can: | You can't: |
---|---|
|
|
Mortgage advice
You can: |
You can't: |
---|---|
|
|
Financial planning advice
You can: | You can't: |
---|---|
|
|
Discover more
Urgent review of sophisticated investor criteria needed
Many clients now qualify as sophisticated investors. Here’s why it’s important to exercise caution.
- Financial planning
article·Published onSigning client declarations for loans
Signing client declarations for loans or providing a capacity to repay certificate are restricted activities
- Financial planning
Regulation of consumer credit
Understanding the regulation of consumer credit is vital for credit representatives
- Financial planning
Become a credit representative
Compliance, regulation and the training requirements for becoming a credit representative
- Financial planning
Applying for your Australian credit licence
An Australian credit licence (ACL) authorises you and your representatives to engage in the credit activities that are specified on the licence.
- Financial planning
Regulation of SMSF advice
Accountants often provide advice on SMSF to clients
- Financial planning