Hi All
Registration for the Australian Credit Licence will open on 1 April 2010. If you are involved in real estate vendor finance, I suggest you have a thorough read of a couple of ASIC sites. This is because ASIC will soon be taking responsibility for consumer credit nationwide. At that point State based Credit Provider licences will become obsolete and the Australian Credit Licence will come into being, also nationwide. The sites are:
http://www.asic.gov.au/credit
http://www.asic.gov.au/asic/asic.nsf/byheadline/Credit+licensing?openDocument
Cheers, Paul
Registration for the Australian Credit Licence will open on 1 April 2010. If you are involved in real estate vendor finance, I suggest you have a thorough read of a couple of ASIC sites. This is because ASIC will soon be taking responsibility for consumer credit nationwide. At that point State based Credit Provider licences will become obsolete and the Australian Credit Licence will come into being, also nationwide. The sites are:
http://www.asic.gov.au/credit
http://www.asic.gov.au/asic/asic.nsf/byheadline/Credit+licensing?openDocument
Cheers, Paul