Apply for Membership
Licensees - Australian Credit Licence (ACL) and Australian Financial Service Licence (AFSL)
Membership entitlements are available for people and organisations holding an Australian Credit Licence (ACL) or an Australian Financial Service Licence (AFSL), or those who are credit registered with the Australian Securities and Investments Commission (ASIC). Membership fees are determined by the nature of the member's business operations. Membership fees start at $350. This fee is applicable if those acting as, for example, a finance or mortgage broker, financial planner or financial adviser.
If you have additional employees and/or directors acting as representatives engaged in credit activities, or any AFSL authorised representatives, there is an additional fee of $100 for each representative. The membership fees for other business types such as lenders, mortgage and loan managers etc can be found in the membership application form.
An important part of maintaining an ACL, AFSL or an ACR is through membership of an ASIC approved external dispute resolution (EDR) scheme such as COSL.
For answers to any questions about completing a membership application or for further information please contact the COSL Membership Office on (02) 9273 8455 or email firstname.lastname@example.org.
For those offered to be authorised as a Credit Representative of an ACL holder or credit registered entity, the annual membership fee for each Credit Representative is $125. Credit Representatives will need to provide confirmation of the intention of authorisation as a Credit Representative from their respective credit registered entity or licensee when applying for membership. Confirmation of authorisation must be included with the application.
If you have any queries or questions about applying for membership as a Credit Representative, please do not hesitate to contact the team on 02 9273 8455.
Other financial services
COSL can also accept a range other types of service providers. For more information about membership options for other types of services please contact the team on (02) 9273 8455.