RG 209 Credit licensing: Responsible lending conduct

Issued 9 December 2019

This is a guide for credit licensees and credit applicants.

It sets out ASIC’s views on what the responsible lending obligations in Ch 3 of the National Consumer Credit Protection Act 2009 (National Credit Act) require, and steps you can take to minimise the risk of non-compliance with these obligations.

Note: On 25 September 2020, the Government announced proposed reforms to the responsible lending obligations contained in Chapter 3 of the National Credit Act. The proposed reforms will amend the obligations that apply before entry into a credit product or the provision of credit assistance. ASIC’s guidance relating to the current responsible lending obligations will be reviewed and updated when the proposed reforms are finalised.

Download

• RG 209 (PDF 717 KB)
• Navigation guide - Attachment to RG 209: Comparison of 2014 and 2019 versions (PDF 72 KB)
• CP 309 and submissions 
• Report 643 Response to submissions

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