An Authorised Credit Representative (ACR) agreement is a relationship that is established with an existing Australian Credit License (ACL) holder. Authorised Credit Representative agreements are extremely common, allowing participation in the finance industry under the supervision of an existing ACL holder.
An Authorised Credit Representative agreement will embody the authorisations of the Australian Credit License holder. For example, an Australian Credit License holder who has Credit Assistance authorisations and is operating as a finance/mortgage broker, is able to sponsor Authorised Credit Representatives to operate under their license with the same Credit Assistance authorisations.
An Authorised Credit Representative agreement may be a suitable option for a firm that is ready to enter the finance industry, but lacks an appropriate Responsible Manager, or is looking to gain experience with the industry before committing to applying for their own Australian Credit License.
The team at Credit Reps Australia can assist you to locate a suitable Australian Credit License (ACL) holder to match your business needs. We will put you in contact with an Australian Credit License holder who will manage all of your compliance and training needs, at a level of engagement that suits the experience level of your team.
Deal directly with an Australian based team member, click below to get in contact.
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