RG 205
Credit licensing: General conduct obligations
Section 47 NCCP general conduct obligations for ACL holders.
In plain English
RG 205 explains how credit licensees must act fairly, honestly, and efficiently when providing credit services.
RG 205 applies to Australian credit licensees. It details the general conduct obligations under the National Consumer Credit Protection Act. Licensees must treat consumers fairly. They must also avoid misleading or deceptive conduct. ASIC last updated this guide in July 2023.
Why it matters
Credit licensees need to understand and follow these obligations. Doing so protects consumers and reduces the risk of compliance issues. It helps maintain trust and a positive reputation.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-205-credit-licensing-general-conduct-obligations/. Rules Mate indexes + summarises; always verify against the regulator's live publication.