Assistance with Australian Fintech Licensing for Loan Aggregation and Lending Tools Platform
Budget: $250 – $750 AUD
### **Freelancer Needed: Assistance with Australian Fintech Licensing for Loan Aggregation and Lending Tools Platform**
#### **Overview:**
We are an emerging Australian fintech company developing a platform that offers loan comparison, aggregation services, and connections to lenders or brokers. Additionally, we provide specialized financial tools to lenders as a licensed product. Our platform will enable users to compare loan products and connect directly with lenders or brokers without conducting credit checks. We aim to ensure our business is fully compliant with Australian financial regulations.
#### **Project Scope:**
We are seeking an experienced legal or compliance professional with a deep understanding of Australian financial regulations, particularly those governing fintech companies. The primary goal is to obtain the appropriate Australian Financial Services (AFS) License or Australian Credit License (ACL) required for our business model. We also require advice on the specific legal and regulatory obligations we need to meet to operate legally and successfully in the Australian market.
#### **Key Responsibilities:**
- **Consultation:** Provide expert advice on the specific type of license (AFS, ACL, or other) required for our loan aggregation, comparison, and lending tools platform.
- **Documentation:** Assist in preparing all necessary documentation for the license application, including business plans, compliance arrangements, and financial resource evidence.
- **Application Process:** Guide us through the entire application process, from initial preparation to final submission, ensuring that the application is complete, accurate, and aligned with ASIC’s requirements.
- **Compliance Framework:** Help establish a robust compliance framework to ensure ongoing adherence to Australian regulations, including the development of internal policies and procedures.
- **Liaison with ASIC:** Act as our representative in communications with ASIC, addressing any queries or requests for additional information to ensure a smooth and timely approval process.
#### **Requirements:**
- **Experience:** Proven track record in successfully obtaining AFS or ACL licenses for fintech or financial services companies in Australia.
- **Knowledge:** In-depth understanding of ASIC regulations, the Corporations Act 2001, and the National Consumer Credit Protection Act 2009 (NCCP).
- **Compliance Expertise:** Ability to advise on and set up comprehensive compliance management systems, including AML/CTF frameworks and responsible lending practices.
- **Communication:** Excellent communication skills with the ability to liaise effectively with both our internal team and ASIC.
- **Legal Background (Preferred):** A background in financial services law, particularly within the Australian context, would be highly advantageous.
#### **Deliverables:**
- Detailed consultation report outlining the required license and compliance obligations.
- Fully prepared and submitted license application with all supporting documents.
- Established compliance framework and policies tailored to our business model.
- Ongoing advice and support until the license is successfully granted.
#### **Timeline:**
We aim to have the licensing process completed as efficiently as possible, with a target completion date of 1st October.
#### **Budget:**
Please provide a detailed proposal with a breakdown of costs, including any anticipated fees associated with the license application and your services.
#### **Overview:**
We are an emerging Australian fintech company developing a platform that offers loan comparison, aggregation services, and connections to lenders or brokers. Additionally, we provide specialized financial tools to lenders as a licensed product. Our platform will enable users to compare loan products and connect directly with lenders or brokers without conducting credit checks. We aim to ensure our business is fully compliant with Australian financial regulations.
#### **Project Scope:**
We are seeking an experienced legal or compliance professional with a deep understanding of Australian financial regulations, particularly those governing fintech companies. The primary goal is to obtain the appropriate Australian Financial Services (AFS) License or Australian Credit License (ACL) required for our business model. We also require advice on the specific legal and regulatory obligations we need to meet to operate legally and successfully in the Australian market.
#### **Key Responsibilities:**
- **Consultation:** Provide expert advice on the specific type of license (AFS, ACL, or other) required for our loan aggregation, comparison, and lending tools platform.
- **Documentation:** Assist in preparing all necessary documentation for the license application, including business plans, compliance arrangements, and financial resource evidence.
- **Application Process:** Guide us through the entire application process, from initial preparation to final submission, ensuring that the application is complete, accurate, and aligned with ASIC’s requirements.
- **Compliance Framework:** Help establish a robust compliance framework to ensure ongoing adherence to Australian regulations, including the development of internal policies and procedures.
- **Liaison with ASIC:** Act as our representative in communications with ASIC, addressing any queries or requests for additional information to ensure a smooth and timely approval process.
#### **Requirements:**
- **Experience:** Proven track record in successfully obtaining AFS or ACL licenses for fintech or financial services companies in Australia.
- **Knowledge:** In-depth understanding of ASIC regulations, the Corporations Act 2001, and the National Consumer Credit Protection Act 2009 (NCCP).
- **Compliance Expertise:** Ability to advise on and set up comprehensive compliance management systems, including AML/CTF frameworks and responsible lending practices.
- **Communication:** Excellent communication skills with the ability to liaise effectively with both our internal team and ASIC.
- **Legal Background (Preferred):** A background in financial services law, particularly within the Australian context, would be highly advantageous.
#### **Deliverables:**
- Detailed consultation report outlining the required license and compliance obligations.
- Fully prepared and submitted license application with all supporting documents.
- Established compliance framework and policies tailored to our business model.
- Ongoing advice and support until the license is successfully granted.
#### **Timeline:**
We aim to have the licensing process completed as efficiently as possible, with a target completion date of 1st October.
#### **Budget:**
Please provide a detailed proposal with a breakdown of costs, including any anticipated fees associated with the license application and your services.