Australian Credit Licence
The Australian Securities and Investments Commission (ASIC) Is responsible for Licensing and controlling the Industry. ASIC requirements are strict, and Australian Credit Licenses are only issued to Companies after significant scrutiny and an Application process determining the appropriateness of Qualifications held and experience.
ASSET PARTNER Pty Ltd is the holder of an ACL(Australian Credit Licence) no 485040
To operate in the Industry, Companies are also required to have specific Professional Memberships which are also difficult to qualify for and require constant Professional Training to maintain including;
Tax Practitioners Board Of Australia – Tax Agent no: 25374244
Registered tax and BAS agents must comply with the Tax Agent Services Act 2009 (TASA), including the Code of Professional Conduct (Code) and civil penalties provisions.
The FBAA is Australia’s leading membership body for finance broking professionals, providing standards and guidelines to promote professional practice standards in sourcing domestic and commercial funding in the finance/mortgage broking industry.
Membership of FBAA requires the members to meet strict criteria. Members are required to:
- abide by the FBAA’s Code of Conduct
- utilise an approved External Dispute Resolution Service
- provide compliance training to staff
- meet educational and/or experience criteria
- hold Professional Indemnity Insurance
Credit Ombudsman Service limited (COSL) an external dispute resolution service approved by the Australian Securities and Investments Commission(ASIC).
The crux of the above Memberships and Licensing is that Asset Partners Pty Ltd has a requirement to complete any business transactions with Clients in a manner which is responsible and in the Client’s best interests.