When you apply for a credit licence, ASIC RG 204 explains that you will be asked to select the authorisation that covers the types of credit activities you want to engage in.

You can choose:
(a) engage in credit activities other than as a credit provider or lessor;
(b) engage in credit activities as a credit provider or lessor; or
(c) engage in all credit activities.

The choice is an important decision for a number of reasons especially if you are not a credit provider.

As Langes partner Patrick Dwyer explains here, one of the consequences is that a licensee that is not a credit provider and who does not provide credit assistance will not be regulated by the complete set of responsible lending obligations.

If you are an intermediary, read Patrick’s analysis carefully and get advice before you complete your licence application.