ASIC has amended the mandatory credit reporting relief for credit providers.

ASIC Credit (Amendment) Instrument 2026/64 amends the relief provided under ASIC Credit (Mandatory Credit Reporting) Instrument 2021/541 by introducing an additional category of account that is exempted from reporting.

We have assessed that the relief is operating effectively and continues to form a necessary part of the legislative framework. The relief will now sunset on 1 October 2031.

Consultation and feedback

In November and December 2025, ASIC conducted a targeted consultation with credit providers and industry bodies.

Stakeholders supported extending the relief for five years and expanding the scope to include additional account categories.

Background

Section 133CO of the National Consumer Credit Protection Act 2009 sets out the definition of an eligible credit account. Subsection 133CO(2) allows ASIC to determine one or more account which are not eligible credit accounts.

ASIC is Australia’s corporate, markets and financial services regulator.