Fantastic information, thanks Paul!This seems like a decent overview of requirements:http://www.cpaaustralia.com.au/cps/rde/xchg/cpa-site/hs.xsl/knowledge-financial-policy-credit-becoming.html

At present I'm getting ACL coverage as a Credit Representative of an existing Licensee so there are a few background checks and memberships required to make sure that I comply with their requirements.In addition to this, I'm enrolling in a Cert IV & Diploma of Financial Services (Finance/Mortgage Broking) which is $995 purchased together through…[Read more]

Stuart G wrote:
…… I personally own a block of land in Darwin and a house in South East Queensland. It is my intention to VF the sale of these using installment contracts. Can you please explain if I need to be licenced under the national legislation …….

From the research that I have been doing, I think the key aspect is whether you'd…[Read more]

pretty sure that Trusts are eligible for the 50% CGT discount but companies aren't ….. having a corporate trustee rather than individuals is a lot more protected too because IF the trust gets sued you can fold the company if need be and appoint a new trustee ….. individual trustees would be personally liable  (unless I've misunderstood my…[Read more]

Thanks Paul, and Richard …I think that it's important to take on the information of those who have been in the business for a while so I appreciate your input and I for one am certainly doing research into credit licensing and membership with VFA etc.Thanks for the links.Cheers.

hi Richard,I personally do not have an ACL at this stage but is something that I'm looking into, correct me if I am wrong but for lease/options they are not required anyway as I am not actually providing a "credit" to the buyer.Also, on your point about lenders accepting applications where properties are being onsold through an instalment contract…[Read more]