Businesses engaged in credit activities, such as lenders, mortgage brokers and intermediaries, are generally required to hold an Australian Credit Licence ("ACL").
There are a number of legislative and regulatory instruments which impact on the need to hold an ACL and the disclosure requirements associated with the provision of credit services.
MLC Legal offers a range of ACL related services, including:
- ACL applications and variations
- Preparation of ACL related documentation, including compliance procedures
- Responsible manager appointments
- Credit representative appointments
- Credit related disclosure documents, including credit guides and credit quotes
MLC Legal also offers complementary services, such as ongoing compliance support and external compliance reviews, to ensure the ACL is maintained.