INFO 113
Applying for a credit licence: Summary business description
This is Information Sheet 113 (INFO 113). It contains a template you can use on an optional basis for preparing the summary business description required to be attached to your online Australian credit licence application.
In plain English
INFO 113 provides a template for the summary business description needed when applying for an Australian credit licence.
This information sheet, INFO 113, is for those applying for an Australian Credit Licence (ACL). It offers a template for the summary business description. This description is attached to your online application. It is optional to use the template. ASIC published this guidance.
Why it matters
A clear summary business description helps ASIC understand your business. This supports a smooth credit licence application process. It demonstrates your understanding of your operations.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/for-finance-professionals/credit-licensees/applying-for-and-managing-your-credit-licence/applying-for-a-credit-licence-summary-business-description/. Rules Mate indexes + summarises; always verify against the regulator's live publication.