RG 207
Credit licensing: Financial requirements
Issued 1 April 2020. An Australian credit licensee must comply with the obligation to have adequate financial resources in s47(1)(l) of the National Consumer Credit Protection Act 2009 (National Credit Act).
In plain English
This guide explains the financial requirements for Australian credit licensees.
RG 207 applies to Australian credit licensees. It details the obligation to have adequate financial resources, as outlined in the National Credit Act. The guide was issued on 1 April 2020. It helps licensees meet their financial obligations.
Why it matters
Credit licensees must ensure they have enough funds to operate. This protects consumers and maintains the stability of the credit sector. Failure to meet these requirements can impact your license.
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-207-credit-licensing-financial-requirements/. Rules Mate indexes + summarises; always verify against the regulator's live publication.