INFO 129
National credit laws and book up: What you need to know
This is Information Sheet 129 (INFO 129). Book up is a common practice in many remote and regional communities of Australia.
In plain English
INFO 129 explains 'book up', a lending practice common in remote Australian communities, and its relevance to credit laws.
INFO 129 addresses 'book up' practices. It applies to businesses providing credit services. The Australian Securities and Investments Commission (ASIC) published this guidance. It clarifies whether these practices require a credit licence under national credit laws. It does not state a commencement or revision date.
Why it matters
If your business offers credit, especially in remote areas, understand 'book up'. This guidance helps you determine if you need a credit licence and comply with relevant regulations.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/for-finance-professionals/credit-licensees/do-you-need-a-credit-licence/national-credit-laws-and-book-up-what-you-need-to-know/. Rules Mate indexes + summarises; always verify against the regulator's live publication.