Yes. QuickSelect is the trading name of Australian Wholesale Fulfilment Pty Ltd ABN 45 139 505 463 and holds its own Australian Credit Licence (ACL No.391 828) authorising us to provide credit under the legislation of ASIC.
The National Credit Act requires that any business that engages in the following credit activities will need to hold an Australian credit license:
There are two broad categories of people engaged in credit activities who need to be licensed:
As a mortgage broker service, QuickSelect engages in credit activities.
Holding a credit license ensures that QuickSelect follow general conduct obligations under the National Consumer Credit Protection Act 2009 to engage in credit activities fairly, honestly and effectively. All of the employees named on the credit license held by QuickSelect have completed background checks in order to ensure all credit obligations are met. The license also ensures that employees are trained and experienced to manage any conflicts of interest effectively with a dispute resolution in place. As a credit licensee, QuickSelect have complied with the financial resource requirements and demonstrated this on an ongoing basis. This means that as a QuickSelect customer, you are protected against any misleading conduct.