To engage in credit activities, a business must have a credit licence or an authorisation from a credit licensee.

ASIC is the national regulator for consumer credit and consumer leases under the national credit legislation.  This legislation includes:

  • the National Credit Code (which is in Schedule 1 of the National Consumer Credit Protection Act 2009 (National Credit Act)) – which contains requirements in relation to the entry into, terms and enforcement of credit contracts and consumer leases
  • the National Credit Act – which contains requirements for persons who are involved in consumers obtaining credit contracts or consumer leases (including both the credit providers and lessors, and other persons such as finance brokers) to be licensed and to comply with responsible lending requirements.   

We have issued detailed guidance and general information to help you understand the credit licensing process and your obligations under the credit legislation.

If you still have questions contact your industry association for help or call ASIC on 1300 300 630. You may also need to get professional advice on how the legislation and regulations apply to your situation.

Information for consumers and borrowers on using credit wisely and managing debt is available on our MoneySmart website at

Related links

More in this section

What's new

Review of interest-only loans

ASIC's report has found that lenders providing interest-only mortgages need to lift their standards to meet important consumer protection laws. 15-220MR. 20 Aug.

More credit releases

Last updated: 23/03/2016 03:09