Credit – general conduct obligations

As a credit licensee you must engage in credit activities efficiently, honestly and fairly, maintain organisational competence and manage conflicts of interest.

You must:

You are responsible for deciding how to comply with the general conduct obligations.

To help you comply, Regulatory Guide 205 Credit licensing: General conduct obligations

  • outlines key compliance concepts that apply to all of the general conduct obligations;
  • describes what we look for when we assess compliance with various general conduct obligations; and
  • includes questions to help you design and test your measures for complying with the general conduct obligations.

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ASIC prescribes three-year period for credit card responsible lending assessments

Following consultation, ASIC has set a three-year period to be used by banks and credit providers when assessing a new credit card contract or credit limit increase for consumers. 18-257MR, 5 September

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Last updated: 20/10/2014 12:00