RG 202 Credit registration and transition
Issued 25 June 2010
This guide is for people who:
- engage in credit activities under state or territory legislation; and
- want to continue to engage in credit activities from 1 July 2010.
You may need to apply to ASIC to be registered to engage in credit activities under the National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 (Transitional Act).
The registration period is a three-month period from 1 April 2010 to 30 June 2010.
This guide explains how to make an application for registration. It also gives some guidance on the obligations of registered persons, and the transition from registration to holding an Australian credit licence.
If you wait until late in the registration period to apply, there is a risk that we won’t make a decision on your application until after 30 June 2010. If that happens, you must stop engaging in credit activities from 1 July 2010.