Becoming a finance broker

• Under 18 years of age;
• Insolvent under administration;
• An externally administered corporation;
• A represented person under the Guardianship and Administration Act 1986;
• Disqualified from engaging in finance/mortgage broking without being given permission to do so by the Business Licensing Authority; or,
• A corporation managed or controlled by a prohibited or disqualified person.

• Been found guilty in the last ten years of an offence:
  • involving fraud, dishonesty, drug trafficking or violence;
  • under Victorian or interstate credit legislation; or,
  • against the Finance Brokers Act 1969, or a similar Act interstate;
• Had your application for a licence or licence renewal under the Finance Brokers Act 1969, or a similar Act interstate, refused in the previous two years; or,
• Had your licence, registration or permission to run a regulated business suspended, cancelled or subject to disqualification.

The only exemption from the provisions of the Act that relate to finance / mortgage brokers are:


Persons who in association with a bona fide business of supplying land or supplying goods or services negotiates consumer credit for persons who are dealing with the first mentioned person in the course of that bona fide business and do not otherwise negotiate consumer credit, and employees of such a person.

Select a scenario to quickly go to an area that might be of interest. Applying for permission to engage in finance broking. Ongoing responsibilities. Contact us.

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Last Updated: 08/07/2008