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- Consumer credit
- Australian credit licence
Exemptions from the requirement to hold an ACL
There are also specific exemptions from the requirement to hold an ACL. These exemptions provide that a person engaging in a credit activity is not required to hold an ACL when engaging in the activity, even though the credit contract or consumer lease to which the activity relates is regulated by the National Credit Code (NCC).
The main exemption is for employees or directors of a licensee or of a related body corporate of the licensee and for credit representatives of the licensee.
For information about exemptions from the requirement to hold an ACL, see Exemptions from the requirement to hold an ACL.
