logo mobile
Training Blog
aamc training blog

AAMC Training Group

AAMC offers you solutions based training and consulting options. Many Banks, Finance Brokers, Financial Planners, Dealer Groups, Accountants, Real Estate Agents and Insurance Brokers entrust AAMC to train their people with courses available for the whole of the financial services industry. Our consulting services are also popular for those wanting advice on how to improve their business and meet the ever changing regulatory environment. Contact AAMC Training Group today to discuss your current and future needs.

ASIC warns businesses not to use ASIC name and Logo when promoting their business

By: admin|

ASIC has today warned businesses and companies licensed by ASIC to not use the ASIC name or logo when promoting their businesses or the fact that they hold a licence with ASIC.
The warning is targeted to holders of an Australian credit licence who have recently come under ASIC’s regulatory responsibility for the first time. It follows a credit provider voluntarily agreeing to stop using ASIC’s name and logo on its website after ASIC found the use of the name and logo breached its intellectual property and was potentially misleading.

‘The National Consumer Credit Protection Act 2009 (National Credit Act) and the Corporations Act 2001 (Corporations Act) prescribe the information and documents that credit licensees and Australian financial services licensees
respectively must include about their licence. This is an important part of informing consumers that they are dealing with a licensed and regulated entity,’ said ASIC Commissioner Dr Peter Boxall.

‘However, ASIC is concerned that use of the ASIC name and logo in conjunction with these identification requirements could cause consumers to believe the business or company is in some way endorsed or approved by ASIC. 

‘ASIC reminds licensees that the correct way to inform the public that they hold a credit licence is to display the Australian credit licence number. Credit licensees must include their credit licence number in certain prescribed documents, including advertisements, from 1 April 2012. Licensees should have started the process of updating documentation which identifies them as holders of an Australian credit licence to avoid breaching the National Credit Act,’ Dr Boxall added.

More information about displaying an Australian credit licence number is contained in Getting a credit licence ([INFO 103]), which is available from the ASIC website at

ASIC also reminds consumers obtaining credit or seeking credit advice that they should only deal with credit licensees or their authorised representatives. Consumers can conduct a quick and easy check on the ASIC website.

Complaints concerning individuals or companies suspected of misusing ASIC’s name or logo, or trading without a credit licence or authorisation, may be lodged with ASIC via the website or by writing to any of our capital city offices across Australia at:

ASIC Complaints 
Australian Securities and Investments Commission
GPO Box 9827

Source ASIC press release



No comments. Be the first.

Leave a comment

Newsletter Signup

Subscribe to our Newsletter

* Mandatory Entry
First Name*
Last Name*
Post Code*