Credit Guide

We are a Representative of a licensed provider of credit assistance under the National Consumer Credit Protection Act 2009. This document provides you with information about us, our Licensee with whom you aredealing and the services we provide.

Licensee’s business name: QED Credit Services Pty Ltd (ACN 147 272 295)

Licensee’s address: 31 Ardentallen Road, Enoggera QLD 4051

Licensee’s phone number: 1300 817 662

Licensee’s email address: [email protected]

Australian Credit Licence number: 387856

Our Licensee has authorised Elite Finance and Rafael Protacio as their Credit Representative:

Representative’s business name: Elite Finance Pty Ltd (ACN 632 597 936)

Representative’s name: Rafael Protacio

Representative’s address: Level 4, 301 Hampshire Road, Sunshine, VIC, 3020

Representative’s phone numbers Mobile: 0431 080 153

Office: 1300 723 235

Representative’s email address: [email protected]

Business Credit Representative number: 522483

Individual Credit Representative number: 536743

If you are looking for consumer credit products, our role is to help you find a product that suits you. That process involves talking to you to understand your requirements and objectives in seeking credit, as well as understanding your financial position.

Our assistance process

We are required by law to ensure that any credit product with which we assist you can be deemed “not unsuitable” for you. In simple terms, this means that the product fits your needs and that you can afford to meet the financial repayments.

To establish this, we need to:

 -make enquiries with you as to your needs;

 -make enquiries with you as to your financial position; and

 -collect evidence from you to verify your financial position.

Once we have done this, we will then use our broking expertise to find a product in the market place that you can afford and that meets your needs.

We can provide you with a report – called a Preliminary Assessment – on how we determined that any loan we assisted you with was not unsuitable for you. You may request this report up to seven years after we provided you with this assistance.

With what products do we provide assistance?

In the past 6 months, the top 6 lenders that our clients have been placed with are:

1. Westpac Banking Corporation

2. Australia and New Zealand Banking Group Limited

3. Flexicommercial Pty Ltd

4. Firstmac Asset Funding Pty Ltd

5. BOQ Equipment Finance Limited

6. Resimac Asset Finance Pty Ltd

This is not to say that we will only deal with these lenders, it is simply that the products these lenders offer have been most suitable to our most recent clients. Your case may be different and we would look at your needs separately and independently of the above list.

How do our Credit Representatives get paid?

Our Credit Representatives are paid a commission directly from the lender. The lender may pay them a percentage amount upon settlement of your loan and may also pay them an ongoing percentage amount for the life of your loan.

These amounts are paid to the Credit Representative by the lender and ARE NOT payable by you. If you are interested and want an estimate of what the commission payment will be and how it is worked out, please just ask us or our Credit Representative and we will be only too glad to provide you with this information.

Our Credit Representative may also charge you a direct fee of between $0.00 and $1,500.00 for their services. The fee payable will depend on the complexity of your situation, but will be separately disclosed to you in the Credit Quote that our Credit Representative will provide for your signoff before proceeding with actually assisting you. In any case, the fee will be no greater than $1,500.00.

What if you are not happy with our services?

At Elite Finance Pty Ltd, we always work hard to build strong and lasting relationships with our valued customers. By listening to your feedback, not only can we address any immediate concerns you may have, we will also continually improve our products and services.

We know there are times when you may wish to compliment us on something we have done well and other times when you may wish to tell us we have not met your expectations.

If, for any reason, you do not feel that you have received the highest standard of care from us, we encourage you to share this with us. We have developed a process that we believe makes it easy for you to tell us of your concerns and for them to be addressed quickly and fairly.

You can contact us by whichever of the following means best suits you:

Complaints Manager

QED Credit Services Pty Ltd

31 Ardentallen Road

Enoggera QLD 4051

E: [email protected]

T: 1300 817 662

If you choose to contact us by mail or email, please make sure you provide as much detail as possible about your complaint.

We will try to deal with your complaint on the spot. However, if this is not possible, we will write to you to acknowledge your complaint within 24 hours of receipt. We will ensure we treat you fairly and will work to resolve your complaint as soon as possible. In the rare event we are still investigating your complaint after 30 days we will write to you to explain why and to let you know when we expect to have completed our


When we have completed our investigation, we will write to let you know the outcome and the reasons for our decision.

Taking it further

We hope that you will be satisfied with how we deal with your complaint. However, if your concerns remain unresolved, or you have not heard from us within 30 days, then you can have your complaint heard by our external disputes resolution scheme, AFCA, an independent party. You can contact AFCA at:

Australian Financial Complaints Authority Limited

GPO Box 3

Melbourne, VIC 3001

T: 1800 931 678

F: 03 9613 6399

E: [email protected]

Contact Details

+61 483 962 430

Level 4, 301 Hampshire Road,

Sunshine, VIC, 3020


AFCA 76068

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