INFO 285
Buy now pay later credit contracts: Credit licensing
This is Information Sheet 285 (INFO 285). It explains the requirements for credit licensing that apply to anyone engaging in credit activities involving buy now pay later contracts.
In plain English
INFO 285 explains credit licensing rules for businesses offering buy now pay later services.
INFO 285 outlines licensing requirements for businesses providing buy now pay later contracts. It applies to anyone engaging in credit activities. The Australian Securities and Investments Commission (ASIC) published this guidance. It clarifies obligations under the National Consumer Credit Protection Act 2009. It does not specify a commencement or revision date.
Why it matters
If your business offers buy now pay later options, you likely need an Australian Credit Licence. Failing to comply can impact your ability to operate legally and protect consumers.
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/regulatory-resources/credit/buy-now-pay-later-credit-contracts-credit-licensing/. Rules Mate indexes + summarises; always verify against the regulator's live publication.