Credit – general conduct obligations

As a credit licensee you must engage in credit activities efficiently, honestly and fairly, maintain organisational competence and manage conflicts of interest.

You must:

You are responsible for deciding how to comply with the general conduct obligations.

To help you comply, Regulatory Guide 205 Credit licensing: General conduct obligations

  • outlines key compliance concepts that apply to all of the general conduct obligations;
  • describes what we look for when we assess compliance with various general conduct obligations; and
  • includes questions to help you design and test your measures for complying with the general conduct obligations.

Related links

More in this section

What's new

Lenders commit to improve credit card practices following ASIC review

ASIC has released Report 604  Credit card lending in Australia – an update, which sets out the changes being made by lenders to help consumers with credit card debt. 18-381MR. 18 December

ASIC puts spotlight on the rapidly growing buy now pay later industry

ASIC has released its first review of the rapidly growing buy now pay later industry. 18-357MR. 28 November

Firms must notify ASIC of their AFCA membership by end of November before late fees apply

Financial firms who are members of the Australian Financial Complaints Authority must notify ASIC of their AFCA membership by Friday 30 November 2018. 18-358MR. 28 November 

ASIC’s recent initiatives to strengthen underwriting standards

A speech by ASIC Commissioner, Cathie Armour. 27 November.

More credit releases

Last updated: 20/10/2014 12:00