Low cost credit contracts

Released 7 February 2025. Comments closed 7 March 2025.

This consultation paper sets out ASIC’s proposals for providing guidance to Australian credit licensees and potential licensees on the obligations that will apply to low cost credit contracts and buy now pay later contracts under the consumer credit regime, including the modified responsible lending obligations in Ch 3 of the National Consumer Credit Protection Act 2009.

Download

• CP 382 Low cost credit contracts (PDF 413 KB)
• Attachment to CP 382: Draft RG 000 Low cost credit contracts (PDF 589 KB)

Feedback on CP 382

Released 8 May 2025.

ASIC received 3 confidential submissions and 13 non-confidential submissions. We have summarised key feedback on the different sections of draft RG 000 and our responses, including how we have addressed the feedback in the final Regulatory Guide 281 Low cost credit contracts (RG 281) where relevant.

Summary of feedback to CP 382 and ASIC’s response (PDF 245 KB)