If you engage in credit activities you will generally need to...

If you engage in credit activities you will generally need to have an Australian credit licence (unless you are exempt or authorised to engage in those activities as a representative of a credit licensee).

Credit activity includes: providing credit under a credit contract or consumer lease benefiting from mortgages or guarantees relating to a credit contract exercising rights or performing obligations of a credit provider or lessor (either as the credit provider or lessor or on behalf of another person who is the credit provider or lessor)suggesting or assisting with a particular credit contract or consumer lease

acting as an intermediary between a credit provider and a consumer or between a lessor and a consumer

Enlighten me the difference between that and a brokerage firm? So what? You think they are the direct bank lending?
Like all brokerage firms they work with an extensive database of HNW and family offices. Clearly they aren’t retail brokers