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

Industry funding update: ASIC publishes indicative levies for 2017-18

Ahead of issuing final industry funding invoices in January 2019, ASIC has published estimates of what regulated sectors will pay. 18-086MR. 28 March

ASIC reports on changes to small business loan contracts by big four banks

ASIC has released a report setting out the details of the changes made by the big four banks to remove unfair terms from their small business loan contracts of up to $1 million. 18-073MR, 15 March

Latest credit releases

Last updated: 20/10/2014 12:00