Credit regulation – background

ASIC's regulation of credit

ASIC is the national regulator for consumer credit and finance broking.

People that engage in credit activities generally need a credit licence or an authorisation from a licensee.

'Credit activity ' is defined in the National Consumer Credit Protection Act 2009 and includes activity relating to credit contracts, consumer leases, related mortgages and guarantees, and credit services.

More about licensing under the credit regime.

The National Consumer Credit Protection Act

The National Consumer Credit Protection Act 2009 and associated legislation and regulations, can be found on the ComLaw website.

Information for consumers

Information for consumers and borrowers, including tips on using credit wisely, taking control of debt and what to do if experiencing financial difficulty can be found on our MoneySmart site.

To make a complaint to ASIC about a credit product or service, read the information on How to Complain.

Search the Australian credit register

You can search and browse online registers for free to check a person's authorisations to engage in credit activities.

What's new

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.

ASIC review finds unacceptable delays by financial institutions in reporting, addressing and remediating significant breaches

ASIC has identified serious, unacceptable delays in the time taken to identify, report and correct significant breaches of the law among Australia's most important financial institutions.  18-284MR. 25 September.

More credit releases

Last updated: 20/10/2014 12:00