Are you an influencer who provides financial advice online? If so, read on: you may need an Australian financial services licence.

If you are a social media influencer who discusses financial products and services online you generally need to be authorised under an Australian financial services (AFS) licence. An AFS licence authorises you to provide financial services to your followers. If you discuss financial products and services with your followers, for example, providing an opinion on …

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Big changes are coming to Consumer Credit laws. Lenders read on as you may be affected.

The Financial Sector Reform Bill has now passed by both houses of Parliament with changes to the National Consumer Credit Protection Act 2009 (Credit Law), and the Credit Code. The areas affected relate to small amount credit contracts (SACCs), consumer leases and the hardship provisions relating to family violence. The changes include: Currently all changes …

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