RG 273 Mortgage brokers: Best interests duty
Issued 24 June 2020
This is a guide for mortgage brokers and other relevant Australian credit licensees.
It explains what ASIC looks for when we assess compliance with the best interests obligations in Pt 3-5A of the National Consumer Credit Protection Act 2009 (National Credit Act). It also outlines steps you can take to minimise the risk of non-compliance with these provisions.