Cancel your credit licence
You may need to cancel your licence in certain situations including those where you:
- no longer engage in credit activities, or
- intend to become a credit representative and the credit activities you engage in as a credit representative are the same as those covered by your licence.
| PLEASE NOTE: Do not assume your licence will automatically lapse if you do not lodge an Annual compliance certificate. Failure to lodge a certificate by the due date is a breach of the law and there are significant criminal and civil penalties for credit licensees who fail to lodge the certificate. |
How to cancel your licence
If you no longer need your credit licence, you can ask us to cancel it.
To cancel your licence, you need to complete and lodge Form CL08 Request to change licence status, online through the Credit registers portal
What happens after we receive your request to cancel your licence?
We will send you a letter when we have cancelled your licence and publish a notice of the cancellation on ASIC's website.
How to vary your licence
Information about how to vary your licence
ASIC Website: Printed 05/24/2013
