Credit regulation – background

ASIC's regulation of credit

ASIC is the national regulator for consumer credit and finance broking.

People that engage in credit activities generally need a credit licence or an authorisation from a licensee.

'Credit activity ' is defined in the National Consumer Credit Protection Act 2009 and includes activity relating to credit contracts, consumer leases, related mortgages and guarantees, and credit services.

More about licensing under the credit regime.

The National Consumer Credit Protection Act

The National Consumer Credit Protection Act 2009 and associated legislation and regulations, can be found on the ComLaw website.

Information for consumers

Information for consumers and borrowers, including tips on using credit wisely, taking control of debt and what to do if experiencing financial difficulty can be found on our MoneySmart site.

To make a complaint to ASIC about a credit product or service, read the information on How to Complain.

Search the Australian credit register

You can search and browse online registers for free to check a person's authorisations to engage in credit activities.

What's new

Small amount credit contracts and consumer leases - ASIC submission on draft bill

We have provided comments on the Exposure Draft of the National Consumer Credit Protection Amendment (Small Amount Credit Contracts and Consumer Leases Reforms) Bill 2017. 7 Nov

Update on interest-only home loans

We have provided an update on our targeted review of interest only home loans. 17-341MR.  11 Oct

Industry funding

ASIC has released its Cost Recovery Implementation Statement (CRIS), which includes estimated costs for ASIC’s 2017-18 regulatory activities. 17-334MR.  6 Oct

Latest credit releases

Last updated: 20/10/2014 12:00