ACL Fundamentals: Licensing, Compliance and Governance

ACL Fundamentals covers the core obligations, responsibilities and compliance requirements that apply to Australian Credit Licensees (ACLs), credit representatives, mortgage brokers and credit providers. Understanding these fundamentals is essential for maintaining regulatory compliance, meeting consumer protection obligations and operating an effective credit business.

An ACL carries ongoing responsibilities that extend beyond licensing requirements. Licensees must establish appropriate governance arrangements, maintain adequate compliance systems, manage breaches, supervise representatives and ensure credit assistance is provided in accordance with legal and regulatory expectations. As regulatory scrutiny continues to evolve, strong compliance frameworks and effective oversight have become critical components of a sustainable credit business.

This resource hub explores key ACL obligations, including responsible lending, Best Interests Duty requirements, breach reporting, compliance monitoring, governance expectations and credit compliance frameworks. Whether you are establishing a new ACL, managing an existing licence or supporting a credit business, these resources provide practical guidance to help strengthen compliance and reduce regulatory risk.