Part I: Offering credit services? Let’s consider your options

A few years have passed since the consumer credit laws and licensing regime commenced back in 2010. So now may be a good time to review your options when it comes to offering credit services in addition to your financial advisory services. You may be a credit representative of an Australian Credit Licensee thinking about making the move to your own licence. Maybe you have never helped clients with acquiring loans but want to be able to. Or perhaps you want to avoid accidentally being caught by the credit regime altogether. This article considers some of these options.

When are financial advisers most likely to be caught by the credit regime? When they provide credit assistance or act as an intermediary.