QED Credit Services

Missed out on applying for your ACL? Join QED Credit Services as a Credit Representative!

31 December has been and gone. If you didn’t get an ACL application into ASIC, you now have to stop your credit activities.

Of course, you could become a Credit Representative of your aggregator, but we know that some brokers are not sure about that option, that they may feel as if they are going to be tied in to that aggregator.

But there is another solution – become a Credit Representative of QED Credit Services.

QED Risk Services has become one of Australia’s best known consultancy groups in the credit industry. The team’s many years of experience in the credit industry has been instrumental in assisting nearly 200 businesses, of all shapes and sizes, to gain their Australian Credit Licence in 2010.

The team is now applying this same expertise to its new venture – QED Credit Services. QED Credit Services has gained its own ACL to assist those brokers and broker businesses that did not apply for their own ACL. We understand that there are many brokers out there that perhaps feel the compliance burden of having their own ACL is too much to bear. Other businesses may not have been ready just yet to apply for an ACL and would like some time as a Credit Representative while readying themselves to be a Licensee in their own right.

As a Credit Representative of QED Credit Services, you will pay a flat fee per month, per broker, not at all connected to your commissions and you will be free to aggregate wherever you choose^*. We will educate you about your obligations as a QED Credit Services broker and we will monitor your activities to ensure your continuing compliance with those obligations.

Call us today on 1300 817 662 to discuss your needs.

*Subject to QED Credit Services’ approval – if your aggregator is not on our list, we will always consider adding them

News
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- QED Risk Services in the news again
  11 April, 2012
  QED Risk Services Director, Greg Ashe, was today asked to provide commentary on ASIC’s revelation last week that it intends to scrutinise the responses that ACL holders provide on their Annual Compliance Certificates – something that QED has been telling the industry for nearly a year. The article highlighted the fact that, without adequate systems in place, Licensees place themselves at risk of breaching (amongst other things) s225 of the NCCP Act.
- The ASIC style of regulation
  19 January, 2012
  QED Risk Services has taken a number of distress calls recently from Credit Licensees that have felt the sudden and full brunt of ASIC’s regulatory police power. As shocked as we are at the force of ASIC’s new approach, we nevertheless can only reiterate the same message we have been emanating for the past 12 months that all Licensee businesses need a total compliance solution to cover their ACL obligations.
- Disclosure Docs Made Easy
  6 September, 2011
  Despite credit industry stakeholders having recently released their “guidance” on NCCP disclosure documents, Many QED Risk Services clients have contacted us, saying they are now more confused than ever. QED Risk Services has now released its own guide, only 3 pages long, that breaks it all down and makes it simple.
- Good files alone won’t cut it
  22 June, 2011
  QED Risk Services says the credit industry is concentrating too much on loan files and not enough on the general conduct obligations of Credit Licensees. QED has now launched an online compliance service, QED CompliFast, which will aid ACL holders in meeting their compliance obligations.
- Property investment advice
  8 May, 2011
  QED Risk Services Director Greg Ashe openly rebukes recent industry comments suggesting that brokers working in the investment property advice area are running foul of financial advice regulations.
- Credit Policies for ACL holders
  8 May, 2011
  Recent industry commentary has suggested that brokers need to have detailed “credit policies” or even adopt one from a Bank that you like. QED Risk Services Director Greg Ashe disagrees and encourages credit licensees to take more deliberate, but simpler actions.
- QED Credit Services launched
  30 December, 2010
  Through its extensive work with mortgage brokers in 2010, QED Risk Services has identified a demand for brokers wanting to become Credit Representatives, but not with their aggregator. QED Credit Services has gained its Australian Credit Licence to adopt brokers in this position.
- John Hill RIP
  26 November, 2010
  QED Risk Services is saddened to hear of the untimely passing of one of its most colorful clients – John R Hill in Albury
- The credit world does not end on 31 December
  26 November, 2010
  You do not have to make your total decision by 31 December. If you want to be a Licensee in 2011 but haven’t yet taken action, become a Credit Rep and then get your Licence in 2011.
  
  Alternatively, if you want to be a Credit Rep but not of your Aggregator, QED Risk Services is set to gain its own ACL to house such brokers as Credit Reps.
- Nature, size and complexity
  26 November, 2010
  Taking the middle road can lead to criticism of trying to be to much for too few. However, QED Risk Services’ experiences of dealing with the real people in the finance broking industry in 2010 has lead us to believe that we have been on the right track all along – educate on the new things, but keep it real!