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Low cost credit contracts

regulatory guide – 281

Issued 8 May 2025

This guide is for Australian credit licensees who provide a category of credit known as low cost credit contracts. Most buy now pay later contracts fall into this category.

It sets out ASIC’s guidance on how the credit regime applies to low cost credit contracts, including the modified responsible lending obligations in Ch 3 of the National Consumer Credit Protection Act 2009 (National Credit Act).

Download the guide (PDF 1.5 MB)