ASIC credit code regulatory guides

ASIC has released details of the policy and guidance documents relating to the National Credit Code it proposes to issue in the coming months, together with an indicative timetable.

In addition to the two papers already issued on conduct obligations of credit licensees and financial resources and compensation obligations of credit licensees, topics that ASIC intends to release further guidance on throughout 2009 are:

• competency and training for credit licensees;
• responsible lending;
• registration and transition;
• the scope of the licensing regime;
• relief applications; and
• dispute resolution.

ASIC will also release the Credit Licensing Kit and Form later in the year.

More details at our National Consumer Credit Reform website