34Guide to this Part

34  Guide to this Part This Part is about Australian credit licences. Division 2 explains what an Australian credit licence is and the credit activities that are authorised by it. Division 3 is about how to get an Australian credit licence, including how to apply for it and when ASIC may grant or refuse to grant it. Division 4 is about the conditions that may be imposed on an Australian credit licence. Division 5 is about conduct obligations of licensees. Division 6 is about the suspension, cancellation or variation of an Australian credit licence. Division 2—Australian credit licences 35  Australian credit licences  (1) An Australian credit licence is a licence that authorises the licensee to engage in particular credit activities.  (2) The credit activities that the licensee is authorised to engage in are those credit activities specified in a condition of the licence as the credit activities that the licensee is authorised to engage in. Division 3—How to get an Australian credit licence