Vary your credit licence
If your circumstances change, you may need to vary or cancel your licence.
The following are situations where you may need to vary the conditions of your licence:
The nature of your business changes 鈥� for example, you want to engage in credit activities that are not authorised under your existing credit licence.
One of the conditions of your licence changes 鈥� for example, if you have a 鈥榢ey person鈥� condition on your licence and that person leaves your business.
How to vary your licence
To vary your credit licence, you need to complete and lodge Form CL03 Vary authorisations or conditions of an Australian credit licence,听辞苍濒颈苍别.
Please ensure that the online application and declarations are submitted by:
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for a natural person applicant, the person applying for the licence
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for a corporate applicant, a director of the corporation applying for the licence, or
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an authorised agent of the applicant.
What happens after we receive your request to vary your licence?
An ob体育 staff member will contact you to discuss your application. To ensure that we can contact you efficiently, please provide the direct telephone number of the contact person for the licence variation application.
We aim to decide whether to vary a credit licence within 150 days; however, this will take longer if the application raises complex or new policy issues, or if you don't give us all the information we need.
Signing documents
Some documents that you must provide require a signature. These are to be signed by:
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for a natural person applicant, the person applying for the licence
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for a corporate applicant, a director of the corporation applying for the licence, or
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an authorised agent of the applicant.
Read Regulatory Guide 204 Applying for and varying a credit licence, for more information on the conditions of varying your licence.
You may need to cancel your licence
Cancel your credit licence if you:
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no longer need your credit licence
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intend on becoming a credit representative and the credit activities you engage in as such are the same as those covered by your licence.
More information about varying your licence
搁别补诲听Regulatory Guide 204聽Applying for and varying a credit licence