RG 206
Credit licensing: Competence and training
Issued 1 April 2020. Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Credit Act and licence applicants must be able to demonstrate in their licence application that they can comply with it.
In plain English
This guide explains competence and training requirements for credit licensees and applicants.
RG 206 applies to credit licensees and those applying for a credit licence. It details the organisational competence obligation under the National Credit Act. Applicants must demonstrate compliance in their application. Credit licensees must also comply. This guide was issued on 1 April 2020.
Why it matters
Credit businesses need to ensure staff have the right skills and training. This helps provide appropriate credit advice and protects consumers. Failing to do so can impact your licence.
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/find-a-document/regulatory-guides/rg-206-credit-licensing-competence-and-training/. Rules Mate indexes + summarises; always verify against the regulator's live publication.