Details of the applicant
You will be asked to provide information that identifies you. The way you will be asked for this information will depend on how you start your application.
If you start your application from the Licensees Portal, details of your name, your entity type and any identifying numbers will be pre-filled. This includes your AFS licence number, Australian Business Number (ABN), Australian Company Number (ACN) or Australian Registered Body Number (ARBN).
If you start your application from the website, you will need to enter the following information.
Unless your details have been pre-filled, you need to select whether you are a:
company or registered Australian body;
body corporate (other than a company or registered Australian body);
multiple trustee; or
A multiple trustee is a notional person that consists of two or more trustees of a single trust. As it is the notional person who is licensed (and not each trustee) the trustees of the trust can change from time to time without affecting the licence.
A person who is a sole trustee of a trust cannot apply as a multiple trustee—the application should be made under the appropriate entity type for that person (company, partnership or natural person).
The credit licensing system will tailor the application to the type of entity that you have selected.
AFS licence number, ABN, ACN or ARBN (if any) or name of applicant
Unless your details have been pre-filled, you will be asked to provide your AFS licence number, ABN, ACN or ARBN, if you have one.
If you do not have one of these identifying numbers, you will need to enter your full name. If you are:
a body corporate (e.g. an incorporated association, incorporated statutory body or a cooperative)—you should enter your body corporate name;
a partnership—you should enter your firm name (and not simply a list of each of the partners). You will be required to provide the details of each partner in a different part of the application; or
a multiple trustee—you should enter your name as ‘The trustees of [name of trust]’. You will be required to provide the details of each trustee in a different part of the application.
If you enter an AFS licence number, ABN, ACN or ARBN, the credit licensing system will check whether an entity with that identifying number is a credit representative. If you are a credit representative a message will be displayed to remind you that you cannot be authorised as a credit representative for the same type of credit activities that are covered by your credit licence. If your credit licence is granted, any authorisations you have to engage in the same types of credit activities as a credit representative will cease to have effect.
If you are a company or an AFS licensee, the credit licensing system will also access other registers maintained by ASIC to pre-fill parts of the online licence application. You will need to review all pre-filled information to ensure that it is up-to-date. If it is incorrect, you will need to update that information in the other registers before you can complete your online licence application. To do that, you need to lodge the appropriate notification: see Section B, Table 2 of RG 204. You will not be able to resume your online licence application until this information has been updated.
If you do not have an ABN, you can obtain one by:
applying electronically via www.business.gov.au;
phoning the Business Infoline on 13 28 66 to ask for a registration package; or
speaking to your tax agent.
Regulation by, or registration with, APRA
You must indicate whether you are a body regulated by APRA, or one that is registered with APRA under the Financial Sector (Collection of Data) Act 2001, and what type of regulated or registered body you are.
This question affects the assessment process, and helps to inform ASIC about the types of entities that are operating in the credit industry.
If you are a body regulated by APRA, not all of the licensee obligations under the National Credit Act apply and you will not be asked some questions in the application that relate to those obligations.
If you are an ADI, a lenders mortgage insurer or a life insurer that lends in accordance with the terms and conditions of a life policy entered into before 1 July 2010, you will also have the benefit of the streamlined application process: see RG 204.19–RG 204.25.
Applicants that are part of a group
You must indicate whether you are part of a group of companies that is applying for more than one credit licence, and provide the names of any other applicants in the group.
We will endeavour to assess together all credit licence applications that are made by applicants from the same group, to ensure that these applications are dealt with efficiently and consistently.
You need to indicate whether you are lodging the application on behalf of an applicant. If you are, you will need to make an additional declaration before you submit the application: see Section G of RG 204.
This information comes from Regulatory Guide 204.