ACL: Appointing Credit Representatives and Notifying ASIC

This video looks at:

• Who can lawfully provide credit activities under an Australian Credit Licence
• When individuals are automatically covered vs when a credit or sub-authorised representative is required
• How representative authorisations work, including limits and invalid appointments
• When representatives can act for multiple licensees
• ASIC notification requirements for appointing, changing, or revoking credit representatives
• What information must be provided to ASIC and when notification is not required

Video timeline:

• Appointing Credit Representatives (14.2s)
• Notifications to ASIC (6min 31s)