Credit
To engage in credit activities, a business must have a credit licence or an authorisation from a credit licensee.
ob体育 is the national regulator for consumer credit and consumer leases under the national credit legislation. This legislation includes:
- the National Credit Code (which is Schedule聽1聽to the National Consumer Credit Protection Act聽2009 (National Credit Act)) 鈥� which contains requirements聽for the entry into and聽terms and enforcement of credit contracts and consumer leases
- the National Credit Act 鈥� which contains requirements聽that persons who are involved聽with consumers obtaining credit contracts or consumer leases聽must be licensed and聽must comply with responsible lending requirements.聽聽
People that engage in credit activities generally need a credit licence or an authorisation from a licensee. This includes both the credit providers and lessors, and other persons, such as finance brokers.
'Credit activity' is defined in the National Credit Act and includes activity relating to credit contracts, consumer leases, mortgages and guarantees, and credit services.
Credit guidance and information
We have issued detailed guidance and general information to help you understand the credit licensing process and your obligations under the credit legislation: see Related links.
You can find more information about licensing on our Credit licensees pages.
However, you may also need to get professional advice on how the聽law applies聽to your situation.
You might not need an Australian credit licence if you meet an exemption under the legislation, or if ob体育 has granted relief. See Regulatory Guide聽51 Applications for Relief (搁骋听51) for more information on applications for relief.
Information for consumers and borrowers on using credit wisely and managing debt and what to do if experiencing financial difficulty is available on the .
To make a complaint to ob体育 about a credit product or service, read the information on .
Credit registers
You can search and browse the following online registers for free to check a person's authorisations to engage in credit activities:
Related links
- Applying for and managing your credit licence
- Regulatory Guide聽205 Credit licensing: General conduct obligations (搁骋听205)
- Information Sheet聽104 FAQs: Complying with your credit obligations (INFO 104)
- Information Sheet聽105 FAQs: Dealing with consumers and credit (滨狈贵翱听105)
- Information Sheet 140 Australian Consumer Law substantiation notices: Your rights (滨狈贵翱听140)
- National Credit Code
- Regulatory index 鈥� Credit
- 听补苍诲