RG 205
Credit licensing: General conduct obligations
Issued 1 April 2020. Credit licensees must comply with general conduct obligations: see s47(1) of the National Consumer Credit Protection Act 2009.
In plain English
RG 205 outlines general conduct obligations for credit licensees.
RG 205 applies to credit licensees. It details obligations under s47(1) of the National Consumer Credit Protection Act 2009. These obligations cover responsible lending and fair treatment of consumers. The guide was issued on 1 April 2020.
Why it matters
Credit licensees must understand and follow these obligations. This helps ensure fair lending practices and protects consumers. Failure to comply can impact your business’s reputation and standing.
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Issuing regulator
ASIC →Topics
Source: https://www.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.