Also called: ACL, Credit licence
Australian Credit Licence
An Australian Credit Licence is the licence issued by ASIC that authorises a business to engage in credit activities for consumers under the National Consumer Credit Protection Act. Licensees must meet conduct, competence, disclosure and dispute resolution obligations.
What is an australian credit licence?
An Australian Credit Licence is the licence issued by ASIC that authorises a business to engage in credit activities for consumers under the National Consumer Credit Protection Act. Licensees must meet conduct, competence, disclosure and dispute resolution obligations.
Example
Lyft Capital Pty Ltd holds Australian Credit Licence 541052 and is a member of AFCA.
Why it matters
Checking a broker's licence number on ASIC Connect is a quick way to confirm who you are dealing with.